Nonbanks Issue More Than Two-Thirds of Mortgages in 2020
Nonbanks Issue More Than Two-Thirds of Mortgages in 2020 Recent industry research from Inside Mortgage Finance showed that nonbank mortgage lenders in the U.S. issued 68.1 percent of all mortgages in 2020, up from 58.9 percent in 2019. The increase is their highest...
New York Democratic Members of Congress Push JPMorgan to Refund Overdraft Fees Collected During COVID-19
New York Democratic Members of Congress Push JPMorgan to Refund Overdraft Fees Collected During COVID-19 Earlier this month, Democrats representing New York in the House of Representatives sent a letter to Jamie Dimon, JPMorgan Chase CEO and Chairman, urging the bank...
House Votes to Overturn True Lender Rule, Sending Repeal to President’s Desk
House Votes to Overturn True Lender Rule, Sending Repeal to President’s Desk Yesterday, House lawmakers voted to pass legislation overturning the Office of the Comptroller of the Currency’s (OCC) “true lender” rule issued in October, which governs partnerships...
CFPB Restarts MLA Exams
CFPB Restarts MLA Exams The Consumer Financial Protection Bureau (CFPB) recently issued an interpretive rule that reasserts its authority to use Military Lending Act (MLA) exams to protect servicemembers from overpaying for financial services. The CFPB started...
Morning Consult Report Finds Nearly 1 in 5 Americans Have Overdrafted Accounts Within Past Year
Morning Consult Report Finds Nearly 1 in 5 Americans Have Overdrafted Accounts Within Past Year Recent data from Morning Consult showed that nearly half of Americans overdrafted their accounts in the past and 19 percent have overdrafted within the last 12 months. At...
Study Finds One in Three Consumers Found Errors in Credit Report
Study Finds One in Three Consumers Found Errors in Credit Report According to a recent study checking consumer credit reports for accuracy conducted by Consumer Reports, 34 percent of the nearly 6,000 Americans who volunteered to be part of the study found errors in...
Stimulus Checks Helped Americans Pay Bills, Reduce Economic Anxiety, Analysis Shows
Stimulus Checks Helped Americans Pay Bills, Reduce Economic Anxiety, Analysis Shows A new analysis of Census Bureau data revealed that government stimulus checks sent out during the coronavirus pandemic substantially aided Americans in paying basic bills, as well as... Walmart Adds to Financial Services Offerings with PayNearMe and Green Dot Partnerships
Walmart Adds to Financial Services Offerings with PayNearMe and Green Dot Partnerships Last week, retail giant Walmart announced a new partnership with PayNearMe, a bill payment fintech, and bank technology company Green Dot to provide a way for customers to use cash...
