More Than 20 Governors Urge Congress to Add Cannabis Banking to Defense Bill
More Than 20 Governors Urge Congress to Add Cannabis Banking to Defense Bill More than 20 governors signed a joint letter to members of Congress earlier this month, advocating for them to add cannabis banking legislation to the 2022 National Defense Authorization Act...
Fintech Startup Launches BNPL Alternative
Fintech Startup Launches BNPL Alternative Accrue Savings, a fintech startup based in New York, recently announced an alternative to the typical Buy Now Pay Later (BNPL) loans that the company says will be safer and more beneficial for consumers. Importantly, the...
CFPB Report Finds People of Color and Young Borrowers More Likely to Have Disputes on Credit Report
CFPB Report Finds People of Color and Young Borrowers More Likely to Have Disputes on Credit Report The Consumer Financial Protection Bureau (CFPB) recently released Disputes on Consumer Credit Reports, part of a series of reports on consumer credit trends created...
Congress Passes Historic Infrastructure Package Which Includes Significant Funding for Native Communities
Congress Passes Historic Infrastructure Package Which Includes Significant Funding for Native Communities Late last Friday, after months of delay, the House of Representatives passed the Infrastructure Investment and Jobs Act, a historic, more than $1 trillion...
Experian Introduces New Integration Providing Lenders with Access to Payroll Account Data
Experian Introduces New Integration Providing Lenders with Access to Payroll Account Data Experian recently introduced new verification capabilities that provide lenders with access to more than 120 million permissioned consumer payroll accounts from more than 40 of...
BNPL Lenders Look to Finance Travel Spending
BNPL Lenders Look to Finance Travel Spending As COVID restrictions continue to ease and more consumers return to traveling, Buy Now/Pay Later (BNPL) lenders are eager to expand from financing purchases of goods to providing financing for travelers—a purchase category...
Chopra Names Eric Halperin and Lorelei Salas to Lead CFPB Enforcement and Supervision Divisions
Chopra Names Eric Halperin and Lorelei Salas to Lead CFPB Enforcement and Supervision Divisions Consumer Financial Protection Bureau Director Rohit Chopra recently announced the appointment of Lorelei Salas and Eric Halperin, two former Obama administration officials,...
Bank Overdraft Fees Hit Record Highs During Pandemic
Bank Overdraft Fees Hit Record Highs During Pandemic A recent survey from Bankrate found that Non-Sufficient Funds (NSF, commonly known as overdraft) fees rose to their highest amount ever last year as Americans struggled to make ends meet during COVID-19. The average...
