Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional On Wednesday night, the Fifth Circuit Court of Appeals issued a long-awaited ruling which found that the independent funding mechanism Congress established to insulate the Bureau from...
BNPL Remains Absent from Most Consumers’ Credit Scores
BNPL Remains Absent from Most Consumers’ Credit Scores Experian, Equifax, and TransUnion have recently begun allowing buy now, pay later (BNPL) lenders to report their short-term payment plans for consumers’ credit scores, but many of the largest BNPL companies...
House Republicans Press Acting Comptroller on Bank-Fintech Partnerships
House Republicans Press Acting Comptroller on Bank-Fintech Partnerships Last week, House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) led a group of Republicans from the Committee’s Task Force on Financial Technology in a letter to acting...
