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
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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
7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy
July 15, 2024 8:36 pm Leave your thoughtsThe 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 pm Leave your thoughtsReport 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 pm Leave your thoughtsSACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced it has issued an order revoking the California Financing Law... View Article
CFPB Proposes Rules To Help Homeowners Avoid Foreclosure
July 10, 2024 11:45 pm Leave your thoughtsProposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve... View Article
Bank Regulators To Lean On Enforcement As Supreme Court Hits Rules
July 2, 2024 11:59 pm Leave your thoughtsA pair of US Supreme Court decisions curtailing the rule-writing authority of federal regulators will likely force banking agencies to... View Article
Silvergate To Pay $63 Million In Combined Penalties Following Coordinated Investigations By DFPI, Federal Partners
July 1, 2024 10:29 pm Leave your thoughtsSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has entered into a consent order... View Article
