Credit Card Delinquencies Are Higher Than In 2019 Because Lenders Took On More Risk
August 7, 2024 11:59 pmAfter falling during the pandemic, the share of consumers with a delinquent credit card has increased rapidly since 2021 and... View Article
Categories for Headline News
Junk Fees That Harm Competition
August 6, 2024 11:29 pmThe Consumer Financial Protection Bureau is working to combat junk fees that hamper fair, transparent, and competitive markets and to... View Article
Statement Of CFPB Director Rohit Chopra, Member, FDIC Board Of Directors, On A Proposed Rule To Strengthen Oversight Of Large Asset Managers And Other Investors
July 30, 2024 10:16 pmIn America, we don’t let just anyone own a nuclear power plant or operate a bridge. Certain sectors of our... View Article
Magistrate Judge stays further proceedings pending resolution of 10th Circuit appeal in Colorado litigation challenging Colorado opt-out statute
July 29, 2024 7:25 pmWe previously reported that, on July 18, the Colorado Attorney General and UCCC Administrator appealed to the 10th Circuit Court of Appeals... View Article
Big Banks Continue To Increase Credit Loss Provisions
July 28, 2024 11:50 pmWith the release of its Q2 earnings, Bank of America announced that its provision for credit losses and charge-offs grew... View Article
CFPB Proposal Would Set Up Federal Exams For Nonbank Consumer Digital Payment Players
July 24, 2024 9:15 pmAnalysis of a potential game-changer: In the fall of 2021 the Consumer Financial Protection Bureau asked big tech companies including... View Article
6th Cir. Holds EFTA Does Not Provide Indemnification Or Contribution Right For Financial Institutions
July 22, 2024 9:59 pmThe U.S. Court of Appeals for the Sixth Circuit recently upheld the dismissal of a financial institution’s putative class action... View Article
7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy
July 15, 2024 8:36 pmThe U.S. Court of Appeals for the Seventh Circuit recently upheld a trial court’s rejection of a borrower’s allegations that... View Article
Former CFPB Economist’s Groundbreaking Research Shows Lack of Analysis in Bureau’s Proposed Medical Debt Credit Reporting Rule
July 14, 2024 10:51 pmReport covers the impact of the proposed rule on providers, patients, consumers and the collection industry, among other critical findings.... View Article
DFPI Revokes Finance Lending License of Synapse Credit
July 10, 2024 11:59 pmSACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced it has issued an order revoking the California Financing Law... View Article
