CFPB Proposes 60-Day Delay of Final Debt Collection Rules
CFPB Proposes 60-Day Delay of Final Debt Collection Rules Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed delaying the effective date of two debt collection rules issued under the Fair Debt Collection Practices Act (FDCPA). The rules are...
CEI Report: APR Calculations Are Misleading When Applied to Short-Term Loans
CEI Report: APR Calculations Are Misleading When Applied to Short-Term Loans Last week, a new Competitive Enterprise Institute (CEI) report criticized attempts to impose caps on short-term, small-dollar loans based on a hypothetical annual percentage rate (APR) that...
PNC Certified for New Account Aimed at Underbanked
PNC Certified for New Account Aimed at Underbanked Last month, PNC Financial Services Group became certified from the Cities for Financial Empowerment (CFE) Fund for a second bank account that limits fees, allowing underbanked consumers to maintain access to banking...
