CFPB Proposes Rule to Crack Down on Overdraft Fees
CFPB Proposes Rule to Crack Down on Overdraft Fees Last week, the Consumer Financial Protection Bureau (CFPB) proposed a rule to rein in excessive overdraft fees that would close a loophole exempting overdraft lending services from provisions of the Truth in Lending...
House Financial Services Committee Announces Bipartisan AI Working Group
House Financial Services Committee Announces Bipartisan AI Working Group Last week, House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C) and Ranking Member Maxine Waters (D-Calif.) announced the formation of the Committee’s bipartisan Working...
33% of Consumers Saw Credit Scores Decline After Unexpected Expense
33% of Consumers Saw Credit Scores Decline After Unexpected Expense A recent report by PYMNTS Intelligence and Sezzle entitled “Credit Card Use During Economic Turbulence” found that roughly 60 percent of all consumers had an unexpected expense in the last year,...
