Sep 11, 2020 | FinTech, News, Online Lending
Data Firm Finds Online Loans Holding Up Better Than Expected In a newly-released report, the data firm dv01 found that the percentage of online loan borrowers who made their regularly scheduled loan payments continued to rise in August, despite the lingering and...
Sep 9, 2020 | Federal Regulation, News
Fed Survey Reports Widespread Uncertainty About U.S. Economic Future A recent Federal Reserve report, known as the Beige Book, found that while economic activity was on the rise in August 2020, there is widespread uncertainty about the economic future of the United...
Sep 7, 2020 | Federal Regulation, News
CFPB Report Examines Early Impact of Pandemic on Consumer Credit Last month, the Consumer Financial Protection Bureau (CFPB) issued a report analyzing the early effects of the coronavirus pandemic on consumer credit. Focusing on mortgage, auto and student loans, and...
Sep 4, 2020 | FinTech, News
More States Establishing Regulatory Sandboxes for Fintechs Regulatory sandboxes are increasingly being used across the United States as a way to foster innovation, as they provide opportunities for companies to test new products or offerings before going through the...
Sep 2, 2020 | Congressional Legislation, News
House Financial Services Committee to Hold Seven Hearings in September This month, the House Financial Services Committee (HFSC) will hold seven virtual and hybrid hearings on a range of topics, including financial regulatory accountability and the economic response...
Aug 31, 2020 | Congressional Legislation, News
Sens. Udall and Cantwell Lead Senators in Pressing for Accurate 2020 Census Count for Native Communities Senators Tom Udall (D-N.M.) and Maria Cantwell (D-Wash.) recently joined 18 of their Senate Democratic colleagues in pushing the U.S. Department of Commerce and...
Aug 28, 2020 | Federal Regulation, Financial Literacy, News
CFPB Report Examines How Servicemembers Build Credit Histories Last month, the Consumer Financial Protection Bureau (CFPB) released a report showing how credit records progress with military service for active duty servicemembers aged 18 through 24. It analyzes...
Aug 26, 2020 | News, Online Lending
Online Lenders and Colorado AG Announce Settlement in Bank Partnerships Suit A new settlement between Colorado authorities, two online lending companies, and the lenders’ bank partners provides for a legal safe harbor in the state if the lenders abide by new...
Aug 24, 2020 | Federal Regulation, Financial Literacy, News
CFPB Adds New Capabilities to Consumer Complaint Database Last month, the Consumer Financial Protection Bureau (CFPB) announced a new trends view on its Consumer Complaint Database, which allows consumers to see information on complaints over time with additional ways...
Aug 21, 2020 | Congressional Legislation, News
Sen. Bennet Introduces Legislation to Help Tribal Businesses Access PPP Loans Senator Michael Bennet (D-Colo.) introduced a bill earlier this month that would permit businesses with the same Employer Identification Number (EIN) to submit loan applications through the...
