Oct 17, 2023 | Financial Literacy, News
Report Finds 60% of Consumers Across All Income Levels Living Paycheck-to-Paycheck A recent report from PYMNTS and LendingClub found that almost 60 percent of U.S. consumers across all income levels reported living paycheck-to-paycheck in August, a slight decrease...
Oct 9, 2023 | Federal Regulation, Litigation, News
Supreme Court Signals Skepticism on Claims CFPB is Unconstitutional Since it was created, opponents of the Consumer Financial Protection Bureau (CFPB) have argued that its funding structure—among other elements—was unconstitutional. Last October, those opponents got a...
Oct 5, 2023 | FinTech, News
Fed Report Finds BNPL Loans Increase Financial Inclusion The Federal Reserve Bank of New York recently found that buy now/pay later (BNPL) loans have helped consumers pay off debt at a lower cost than traditional loans, despite consumer advocates urging regulators to...
Oct 3, 2023 | Congressional Legislation, Federal Regulation, News
Senate Advances SAFER Banking Act, Sending Legislation to Senate Floor Last week, the Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a week after it was filed with revisions to garner more bipartisan buy-in. The...
Sep 26, 2023 | Federal Regulation, News
CFPB Launches Rulemaking to Remove Medical Debt from Credit Reports Last week, the Consumer Financial Protection Bureau (CFPB), announced a new rulemaking process to remove medical debts from Americans’ credit reports. The Bureau says that the proposals under...
