Congressional Republicans Back Mulvaney in CFPB Leadership Court Battle
← 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...
Amazon Contemplates Entrance into Banking with Possible Checking Account Partnership
← 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...
Dissecting Short Term Employee Loan Programs
← Previous Article Next Article → Stress caused by money problems has been shown to stifle work productivity in employees, with one recent study finding money woes can create decreases in work productivity equal to almost 15 missed days per year. As more and...
Mulvaney Wants States to Lead Consumer Enforcement in Speech to State AGs
← Previous Article Next Article → Interim Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney stopped at the National Association of Attorneys General meeting this week to speak with top state litigators about future priorities and policy...
New Research Spotlights Debt Collection Complaints and How Companies Respond
← Previous Article Next Article → A recent report by WebRecon analyzed January 2018 complaints to the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). January saw nearly 5,000 consumer complaints to the CFPB, an increase of...
Third Circuit Refuses to Enforce CashCall Arbitration Clause
← Previous Article Next Article → The Third Circuit this week affirmed a district court ruling that found an arbitration clause in a loan agreement for Western Sky/CashCall was unenforceable, due to the fact the clause disavowed federal and state law in...
DOJ Files Brief as DC Circuit Preps for Arguments in CFPB Leadership Squabble
← Previous Article Next Article → The U.S. Department of Justice this week filed its opposition brief to an appeal made by Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English in her bid to unseat Mick Mulvaney as interim director of...
Banks Are Not the Solution to Responsible Small Dollar Credit
← Previous Article Next Article → Earlier this month, Pew Charitable Trusts, an organization founded on religious conviction and oil profits, published a report advocating for an increased presence from banks and credit unions in alternative financial...
