Oct 1, 2024 | Federal Regulation, News
California Enacts Package of Consumer Protection Bills Last week, California enacted a package of consumer protection laws, including three bills aimed at restricting debt collection practices surrounding civil actions for money judgments, commercial debt collection,...
Sep 25, 2024 | Federal Regulation, News
CFPB Policy Reminder Says Banks Must Maintain Proof Consumers Opted In to Overdraft Fees The Consumer Financial Protection Bureau (CFPB) recently said in a policy reminder that banks must keep evidence that customers have opted in to overdraft coverage. As a default,...
Sep 19, 2024 | Federal Regulation, News
CFPB Report States Most Frequent Consumer Debt Collection Complaints Last Year Were Attempts to Collect Debts That Were Not Owed The Consumer Financial Protection Bureau’s (CFPB) annual Fair Debt Collection Practices Act report stated that in 2023, the most frequent...
Sep 17, 2024 | Banks & Credit Unions, Financial Literacy, News
Loan Delinquencies Beginning to Level Off Bankers and industry analysts recently said that U.S. consumers’ late payments on credit cards and other loans have leveled off in recent months after rising earlier this year. Delinquency rates fell to just over 2 percent in...
Sep 11, 2024 | Financial Literacy, News
Study Finds 7 in 10 US Consumers Stressed About Personal Finances A recent PYMNTS Intelligence report, “No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction,” found that 70 percent of U.S. consumers feel stressed about their personal finances,...
