Nov 30, 2022 | Banks & Credit Unions, News
Wells Fargo Launches Small Dollar Loan, Offering Customers $250 or $500 for Flat Fee Wells Fargo recently launched a new financial product, called Flex Loan, which is marketed as a small dollar loan to help customers meet short-term cash needs. The loan is available...
Nov 28, 2022 | Congressional Legislation, News
McHenry Outlines Plans for House Financial Services Committee in Next Congress Rep. Patrick McHenry (R-N.C.), who is expected to Chair the House Financial Services Committee beginning in January 2023 with Republicans taking the majority in November’s elections,...
Nov 25, 2022 | Federal Regulation, News
Treasury Recommends Bank Regulators Finalize Bank-Fintech Relationship Guidance The U.S. Treasury Department said in a report issued last week that more oversight of the fintech sector and bank-fintech relationships is necessary to protect consumers and maintain...
Nov 23, 2022 | Federal Regulation, Litigation, News
CFPB Asks SCOTUS to Uphold Constitutionality of Funding Last week, the Consumer Financial Protection Bureau (CFPB) filed a petition asking the U.S. Supreme Court to undo a ruling by the Fifth Circuit Court of Appeals that determined the Bureau’s funding structure was...
Nov 21, 2022 | Banks & Credit Unions, News
Banks Tightening Underwriting Standards, Making it More Difficult for Consumers and Businesses to Access Credit The Federal Reserve recently released a survey of banks’ senior loan officers which found that lenders made it more difficult for consumers and businesses...
