← Previous Article Next Article → According to statistics from Moebs Services, Americans were charged $34.3 billion in overdraft fees by financial institutions in 2017, a full $1 billion more than 2016. Fees managed to rise again despite one-third of banks...
← Previous Article Next Article → Senator Lindsey Graham (R- SC) introduced a joint resolution in the Senate to utilize the Congressional Review Act (CRA) to repeal the Consumer Financial Protection Bureau’s (CFPB) rule on “Payday, Vehicle Title, and Certain...
← Previous Article Next Article → The Government Accountability Office (GAO), the “Congressional Watchdog” investigating the use of taxpayer money for the Legislative Branch, released a report on FinTech regulation late last week, reviewing the regulatory...
← Previous Article Next Article → The U.S. Chamber of Commerce, an organization representing the interests of more than 3 million businesses, issued a series of recommendations to reform the Consumer Financial Protection Bureau (CFPB). The U.S. Chamber...
← 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...
