On May 12, the Federal Trade Commission’s (FTC) Rule on Unfair or Deceptive Fees took effect. Often referred to as the “Junk Fees Rule,” the Rule targets hidden, misleading, and deceptive charges and fees imposed by live-event ticketing and short-term ...

Generate Key Takeaways A recent study on debt collection calls across the United States said Atlanta is at the top of the list. According to the report by NumberBarn, which analyzed new data from the Federal Trade Commission on debt ...

From real-time payments to seamless business integrations, banks and credit unions are feeling the pressure to modernize their payment systems as business banking clients demand new tools and capabilities. According to recent research from Datos Insights, 96% of banks are ...

a-store-closing-and-going-out-of-business-sign-lead U.S. corporate bankruptcies have risen to levels not seen since 2010. Sucharita Kodali, Retail Industry Analyst, Forrester, joined TheStreet to discuss why we're seeing an uptick in bankruptcies and what this reveals about the economy. Full Video Transcript Below: ...

Equifax (NYSE: EFX) has unveiled a redesigned U.S. consumer credit report featuring enhanced visual elements and improved readability. The new report includes the VantageScore 3.0 credit score and incorporates color-coded sections and graphics to replace traditional text-heavy formats. Key improvements ...

ISSUES & POLICIES SB 3, an expansive consumer protection bill, received final approval from the House of Representatives May 29 and now awaits action by Gov. Ned Lamont. The bill concludes a multiyear effort by proponents to adopt total price ...

The CFPB recently made filings with the Office of Management and Budget (OMB) regarding the following rules: Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z). Discretionary Servicing Rules under the Real Estate Settlement Procedures Act (Regulation ...

Credit One Bank has agreed to pay $14 million to settle a class-action lawsuit over unauthorized robocalls made between 2014 and 2019. The case alleges violations of the TCPA, which protects consumers from unwanted automated calls. Here’s who’s eligible and ...

On May 30, the CFPB and a national pawn store operator filed a joint status report in the U.S. District Court for the Northern District of Texas announcing that they have reached an agreement to resolve a 2021 Bureau lawsuit alleging violations of the ...