Oct 23, 2024 | Federal Regulation, News
CFPB Ramping Up Enforcement Efforts with SCOTUS Decision in Rear View The Consumer Financial Protection Bureau (CFPB) recently began to revive its enforcement efforts, as the U.S. Supreme Court (SCOTUS) has mostly settled questions regarding the bureau’s funding after...
Oct 17, 2024 | Financial Literacy, News
Consumer Delinquency Expectations Reach Highest Level Since April 2020 In September, U.S. consumers’ delinquency expectancy increased for the fourth month in a row to reach its highest number since April 2020, according to a recent press release regarding the Survey...
Oct 15, 2024 | Financial Literacy, News
Nearly 8 in 10 Millennials and Gen Z Get Financial Advice from Social Media According to a recent PYMNTS Intelligence report, titled “The New Challenges Facing Finance: Algorithms, Finfluencers and the Quest for Reliability,” 79 percent of millennial and Gen Z...
Oct 9, 2024 | Federal Regulation, News
CFPB Issues Warning to Medical Debt Collectors The Consumer Financial Protection Bureau (CFPB) has started crafting a bill that would bar the reporting of medical debt on consumer credit reports, part of a broader push by the agency against medical debt. The CFPB has...
Oct 3, 2024 | Congressional Legislation, Federal Regulation, News
Senate Democrats Ask CFPB to Enact Stricter Guardrails for BNPL Providers Several Senate Democrats wrote a letter to the Consumer Financial Protection Bureau (CFPB) urging the agency to establish stricter guidelines for buy now, pay later (BNPL) lenders and arguing...
Oct 1, 2024 | Federal Regulation, News
California Enacts Package of Consumer Protection Bills Last week, California enacted a package of consumer protection laws, including three bills aimed at restricting debt collection practices surrounding civil actions for money judgments, commercial debt collection,...
