RELATED PRACTICES & JURISDICTIONS On June 30, California Governor Newsom has signed AB 130, a budget trailer bill related to housing. This legislation includes new requirements for mortgage servicers of subordinate mortgages, defined in the bill, and took effect immediately ...

Prohibitions on credit reporting and garnishing wages regarding medical debt will start in January 2026, and new limits on medical debt interest are now in effect. Prohibitions on credit reporting and Rhode Island Gov. Daniel McKee signed two measures on ...

FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/ File Photo© Thomson Reuters (Reuters) -The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop ...

The Fourth of July holiday marks the anniversary of America’s independence from Great Britain in 1776. Many Americans celebrate the holiday with festivities such as fireworks, family gatherings, and parades. For me, the Fourth of July is also a time ...

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. (Photo: Reuters/Stephanie Keith) SAN FRANCISCO: Wells Fargo has suspended all employee travel to China after one of its senior bankers was barred from leaving the country, ...

Executive Summary In the last five years banks and credit unions have watched over $3 trillion in deposits leave for fintechs offering savings and investment services, according to research by Cornerstone Advisors. To slow or reverse that trend, traditional banks ...

Spanish startup Murphy has raised $15 million for its AI-powered debt collection offering. The company says its pre-seed/seed funding round, announced Monday (July 14), will allow Murphy to scale its product, expand its teams and expand internationally. “Debt servicing has historically been ...

WASHINGTON, D.C. – Today, U.S. Senators John Fetterman (D-PA) and Kevin Cramer (R-ND) introduced the Payment Choice Act to preserve payment options for consumers. This legislation ensures customers can use cash as a form of payment and are able to do so without ...

With the number of delinquent credit card accounts rising by as much as 29% in certain cities over the past year, the personal finance website WalletHub has released its updated report on the Cities Where Credit Card Delinquency Is Increasing the ...