The CFPB recently released a report regarding higher education tuition payment plans that discusses prevailing practices and highlights certain CFPB concerns regarding consumer impact. The CFPB’s report was based upon (a) a review of hundreds of postsecondary school and college ...

A bipartisan group of senators recently introduced an American Bankers Association-backed bill to create a community development financial institutions tax credit for private sector investors that make equity, equity-equivalent investments or long-term patient capital available to CDFIs. The proposed legislation ...

The House and Senate are in Washington, D.C., this week, and federal government funding is scheduled to expire Sept. 30. The House and Senate are expected to consider various appropriations legislation throughout the week. The Senate, Banking, Housing, and Urban ...

REUTERS WASHINGTON – The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday and asked the court to consider forcing the online retailer to sell assets as the government accuses Big Tech of monopolizing the most lucrative parts of the internet ...

By Douglas Gillison (Reuters) - A case due to come before the U.S. Supreme Court next week has the potential to expose every federal bank regulator to political inference while also jeopardizing Social Security and Medicare, the federal health insurance ...

WASHINGTON (TND) — For Americans with credit card debt, a troubling trend is emerging–one that's usually associated with a financial crisis. Credit card losses, which occur when a borrower fails to repay debt and the lender writes it off, are ...

Today's Mortgage Rates & Trends - Sept. 27, 2023 Another mortgage average has reached a two-decade high, joining two other averages that are holding at their own record levels. The FHA 30-year average jumped Tuesday to reach a new peak, ...

In Waetzig v. Halliburton Energy Services, 2023 U.S. App. LEXIS 23948, — F.4th – (10th Cir. Sept. 11, 2023), the circuit court reversed a district court’s order relying on Fed. R. Civ. P. 60(b) to reopen a case that had ...

On September 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued Circular 2023-03 to provide creditors additional guidance for communicating denials of credit to consumers based upon artificial intelligence (AI) or complex credit models. The circular makes clear that it ...