Ever wonder why certain sketchy loans you heard were “banned for good” seem to keep showing up again—just with fancier names and slicker marketing? It’s not your imagination. Many forms of predatory lending that regulators cracked down on years ago ...

What Is a ‘Consumer’? The definition of a "consumer" is critical. Generally, the banking industry prefers a narrow definition of the term, the fintech industry a broad one. Banks weren’t happy that the original regulation included parties authorized to access ...

Small businesses are getting picked apart as Telephone Consumer Protection Act (TCPA) class actions continue to clog federal courts. The TCPA allows consumers to collect up to $500.00 per call or text for illegal communications from businesses– but those damages ...

Amelia Schafer ICT RAPID CITY, South Dakota — Roughly 25 years ago, only 1 percent of all small businesses on the Cheyenne River Reservation in northwestern South Dakota were Native owned despite Native people making up more than 90 percent ...

The Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Saturday, April 16, 2022. The Credit-reporting company TransUnion is an "out-of-control" repeat offender engaging in “deceptive” marketing practices the CFPB alleged this week after filing a lawsuit. Photographer: Samuel Corum/Bloomberg ...

In this Help Net Security interview, Carl Scaffidi, CISO at VyStar Credit Union, discusses how credit unions are adapting to an evolving fraud landscape and strengthening payment security. As cybercriminals leverage social engineering and AI-driven tactics, Scaffidi explains how innovation ...

Key Takeaways The buy now, pay later provider Klarna plans to launch a membership program in the U.S. that it sees as an alternative to high-end credit cards like the American Express Platinum or Chase Sapphire Reserve cards. Its Premium ...

SYRACUSE, N.Y — The New York State Department of Motor Vehicles (DMV) is warning New Yorkers that using fake IDs is not only a crime, it can lead to identity theft that can cause a lifetime of problems. The warning, ...

The Consumer Financial Protection Bureau is set to rescind its Nonbank Registry Rule (NBR Rule) that requires nonbank financial companies that have broken consumer laws and are subject to government or court orders to report those orders to a bureau ...