Banks Still Hesitant To Offer Small-Dollar Loans Due to Regulatory Risk
Banks Still Hesitant To Offer Small-Dollar Loans Due to Regulatory Risk While several major retail banks in the United States—including US Bancorp, Bank of America Corp., Wells Fargo & Co., and four others—are now issuing or have announced plans to issue flat-fee,...
LendingClub CEO: Paycheck-to-Paycheck Living is Akin to the Climate Crisis
LendingClub CEO: Paycheck-to-Paycheck Living is Akin to the Climate Crisis PYMNTS recently partnered with LendingClub to produce the “New Reality Check: the Paycheck-to-Paycheck Report,” which tracks how Americans are affording the cost of living. LendingClub CEO...
CFPB to Toughen Caps on Credit Card Late Fees
CFPB to Toughen Caps on Credit Card Late Fees Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has set a framework for the CFPB to issue a rule next year to determine if credit card late fees are set at reasonable levels, and whether they should...
