← Previous Article Next Article → Deposit Advance Products (DAPs) are a form of short term credit offered by banks and credit unions that allow existing account holders to borrow small sums of money to be repaid automatically upon direct deposit of the...
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) released their annual report on the Fair Debt Collection Practices Act (FDCPA) this week. Since 2012, the CFPB and FTC have worked under a...
← Previous Article Next Article → Experian, one of the three major credit bureaus in America, took advantage of its recent acquisition of Clarity Services, a leading provider of non-prime credit data and reporting, by announcing a new credit report for...
← Previous Article Next Article → A bipartisan group in Congress led by Dennis Ross (R- FL) is proposing a new bill (H.R. 5266) that would establish a five-member commission confirmed by the Senate to lead the Consumer Financial Protection Bureau (CFPB). The...
← Previous Article Next Article → A mostly bipartisan Senate voted yesterday 67-31 to advance a bill that would make significant changes to bank regulatory oversight provisions in the Dodd-Frank Act. The bill, led by Senate Banking Committee Chairman Mike...
← Previous Article Next Article → In 2008, a massive housing bubble and subprime mortgage crisis contributed to the loss of nearly 9 million American jobs and pushed the unemployment rate into double digits for the first time in more than 40 years. The...
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) has undergone a dramatic shift in policy over the past four months since the resignation of its first and only director, Richard Cordray. The effects of these massive policy...
← Previous Article Next Article → Senator Elizabeth Warren (D- MA), the chief architect of the Consumer Financial Protection Bureau (CFPB), drew the ire of some this week when she called out members of her own party on twitter and in the press for supporting...
← Previous Article Next Article → A group of 113 Congressional Republicans submitted an amicus brief this week to the D.C. Circuit Court in support of President Trump’s authority to use the Federal Vacancies Reform Act (FVRA) to appoint an interim director...
← Previous Article Next Article → It was recently revealed that online retail giant Amazon was in talks with JP Morgan Chase, the largest bank in America, to develop bank account products for Amazon customers. The move comes as Amazon works to create a...
