According to data from the Bank of Albania, the loan portfolio of non-bank financial institutions at the end of March 2024 reached ALL 57.6 billion or almost EUR 560 million. The loan portfolio granted by these institutions has increased by ...

The U.S. Court of Appeals for the Sixth Circuit recently upheld the dismissal of a financial institution’s putative class action lawsuit against a cellular service provider arising from a “SIM swap” scam, holding that the financial institution had no claim ...

Three American nationals will spend the next 18 months in a Cayman Islands jail after they pled guilty to several fraud charges. The Royal Cayman Islands Police Service (RCIPS) reported yesterday, Dave Obaseki, Michael Capers and Sean Luke were handed ...

A Freedom of Information request has revealed £1.997 million of council-related debt was sent to external debt collection agencies in the 2023/24 financial year. These debts include failures to pay Council Tax, Business Rates, parking fines and housing arrears. This ...

A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates. New data published by the Federal Reserve Bank of Philadelphia shows that credit card delinquency rates ...

RC365 has announced its acquisition of a Money Lenders Licence, as the new certificate will advance the strategy of expanding into the virtual banking market. Following this announcement, the payment solutions and fintech company RC365 Holding gained the Money Lenders ...

We recently reported that, upon remand from the Supreme Court (after it ruled that the CFPB’s funding mechanism is Constitutional), the plaintiff-trade groups filed a petition for rehearing en banc in the Fifth Circuit in the CFSA v. CFPB case ...

The Consumer Financial Protection Bureau (CFPB) on July 10, 2024, announced a proposed rule that would require servicers to more intently assist borrowers throughout a "loss mitigation review cycle" before being permitted to commence foreclosures. In a significant departure from ...

red lobster NEW YORK, July 23 (Reuters) - Red Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other bidders stepped up with an offer to ...