CFPB Announces Effective Date For Credit Card Fee Rule Amid Legal Challenges
The Consumer Financial Protection Bureau’s credit card late fee rule will take effect on May 14, 2024, although ...
New York Attorney General Sues Over 25 Lenders For Predatory Lending Operation
On March 5, New York Attorney General Letitia James released a verified petition against 27 lenders accusing them ...
US Credit Card Defaults Have hit A Worrying High
It’s easy to think about US consumers as a hardy, resilient force – after all, they’ve continued to spend ...
Michigan Lawmakers Want 36% Cap On Payday Loan Interest Rates
Payday lenders say they could be forced out of Michigan if new legislation to cap interest rates at ...
Regulators Tackle Debt Collection Challenges Amidst Cost Of Living Surge
The Financial Conduct Authority (FCA) has forged a collaborative effort with regulatory counterparts, including Ofgem, Ofwat, and Ofcom, ...