Banks to CFPB: Rule to Cut Late Fees Requires Small Business Review
Banks to CFPB: Rule to Cut Late Fees Requires Small Business Review Small community banks and credit unions have recently stated that they will be forced to sue the Consumer Financial Protection Bureau (CFPB) if their plan to cut credit card late fees to $8 goes into...
Senate Banking Committee Ranking Member Tim Scott Announces Policy Priorities
Senate Banking Committee Ranking Member Tim Scott Announces Policy Priorities Last week, U.S. Senator Tim Scott (R-S.C.), the new Ranking Member on the Senate Committee on Banking, Housing, and Urban Affairs, released his oversight and legislative priorities for the...
More Higher Earners Report Living Paycheck to Paycheck
More Higher Earners Report Living Paycheck to Paycheck A new survey by PYMNTS.com and LendingClub found that 64 percent of American consumers were living paycheck to paycheck at the end of 2022, which is 3 percent higher than in 2021 and an increase of 9.3 million...
