CFPB Advisory Opinion States Contracts For Deed Are Credit
August 14, 2024 11:59 pm Leave your thoughtsWritten By Richard Horn On August 13, 2024, the CFPB issued an advisory opinion regarding the applicability of the Truth... View Article
Author Archives for steve
CFPB Takes Action Against Credit Repair Cloud And CEO Daniel Rosen For Enabling Credit Repair Companies That Harvest Illegal Fees
August 8, 2024 11:45 pm Leave your thoughtsWASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its lawsuit against Credit... View Article
Credit Card Delinquencies Are Higher Than In 2019 Because Lenders Took On More Risk
August 7, 2024 11:59 pm Leave your thoughtsAfter falling during the pandemic, the share of consumers with a delinquent credit card has increased rapidly since 2021 and... View Article
Junk Fees That Harm Competition
August 6, 2024 11:29 pm Leave your thoughtsThe 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 pm Leave your thoughtsIn 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 pm Leave your thoughtsWe 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 pm Leave your thoughtsWith 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 pm Leave your thoughtsAnalysis 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 pm Leave your thoughtsThe U.S. Court of Appeals for the Sixth Circuit recently upheld the dismissal of a financial institution’s putative class action... View Article
American Borrowers Are on Shakier Ground
July 21, 2024 9:00 pm Leave your thoughtsYears of higher inflation and interest rates have left consumers mired in debt, even as overall economy hums Interest paid... View Article
