New Protections For Payday And Installment Loans Slated To Take Effect Next Year
June 16, 2024 11:50 pmSeveral years ago, the CFPB issued a rule to end an unfair and abusive practice in payday and installment lending.... View Article
Categories for Headline News
Hospitals Are Refusing To Do Surgeries Unless You Pay In Full First
June 9, 2024 9:27 pmBy Melanie Evans Heather Miconi has seven weeks to come up with $2,000 to pay for surgery her daughter needs... View Article
CFPB Launches Process To Recognize Open Banking Standards
June 5, 2024 11:59 pmNew rule establishes process for recognizing data sharing standards and prevents dominant incumbents from squelching startups WASHINGTON, D.C. – Today,... View Article
FBCS Data Breach Impact Grows to 3.2 Million Individuals
June 2, 2024 11:59 pmThe data breach at debt collection agency Financial Business and Consumer Solutions (FBCS) impacts 3.2 million individuals. The... View Article
FTC Staff Provides Annual Report To CFPB On 2023 Activities Regarding Financial Acts
May 28, 2024 11:20 pmThe staff of the Federal Trade Commission has provided its annual report to the Consumer Financial Protection Bureau on its... View Article
Indiana Appeals Court Rules That A Passive Debt Buyer Is A Debt Collector Under The FDCPA And State Law
May 27, 2024 11:38 pmBy Virginia Bell Flynn & Jovanni Villa The Court of Appeals of Indiana recently upheld a lower court’s decision that... View Article
CFPB Sues SoLo Funds For Deceiving Borrowers And Illegally Extracting Fees
May 19, 2024 11:46 pmThe company advertised zero-cost loans but deployed digital dark patterns resulting in almost every borrower paying at least one fee... View Article
Second Circuit Upholds TCPA Case Dismissal: ATDS Must Generate Phone Numbers, Text Messages Don’t Qualify As Artificial Voices
May 16, 2024 11:58 pmBy David N. Anthony, Virginia Bell Flynn, Stefanie Jackman & Ethan G. Ostroff POSTED IN ALL ENTRIES, CLASS ACTIONS, TCPA... View Article
CFPB Releases Statement On Supreme Court Decision In CFPB v. CFSA
May 16, 2024 11:20 pmThe Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services... View Article
Kabbage Agrees to Pay up to $120 Million to Resolve Allegations that it Defrauded the Paycheck Protection Program
May 14, 2024 10:11 pmBOSTON – Bankrupt lender Kabbage, Inc. d/b/a KServicing, has agreed to resolve allegations that it knowingly submitted thousands of false... View Article
