When an erstwhile shareholder of First Republic Bank sued the California Department of Financial Protection & Innovation for failing to safeguard the "financial soundness and structural integrity" of the bank, the DFPI "took the Eleventh".   The Eleventh Amendment to the Constitution provides: ...

Massachusetts Attorney General Andrea Campbell. Photo: Steph Solis/Axios Attorney General Andrea Campbell wants Massachusetts to prohibit health care providers from reporting medical debt to credit reporting agencies. Why it matters: The moratorium, one of several recommendations in Campbell's report about ...

Low-income credit unions in Florida and Georgia hit by both Hurricanes Helene and Milton can get urgent need grants of up to $15,000 from the National Credit Union Administration. Credit unions must submit their applications to the NCUA’s Office of ...

A new partnership has been announced between LexisNexis Risk Solutions, the insurance data and advanced analytics provider, and TransUnion, the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers.  In 2022, LexisNexis Risk Solutions and ...

To say Americans have a lot of credit card debt would be an understatement. The collective tab sits at roughly $1.28 trillion, around $109 billion of which came from last year alone. While some parts of the country are racking ...

The US Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet’s Google under formal federal supervision, the Washington Post reported on Thursday. The move, which could subject Google to “regular inspections and other rigorous monitoring,” the WaPo said, ...

Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau (CFPB), but the president’s populist leanings could leave room for some activity by the watchdog. The CFPB has long been ...

American Express's (NYSE:AXP) credit card delinquency rate stayed stable in October, while its net charge-off rate rose, in line with many other card issuers. Its U.S. consumer card delinquency rate  was 1.4% in October, unchanged from September, and up a ...

Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg Win McNamee via Getty Images Federal Deposit Insurance Corp. Chair Martin Gruenberg will retire from the agency, effective Jan. 19, he told employees Tuesday. “It has been the greatest honor of my ...