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...
Aug 19, 2020 | FinTech, News
Facebook Launches Financial Group for Payments Facebook recently revealed a new group called Facebook Financial to seek more commerce opportunities and run all payments projects, including Facebook Pay, the universal payments feature that the company plans to install...
Aug 17, 2020 | Federal Regulation, Financial Literacy, News
CFPB Requests Information on How to Prevent Credit Discrimination Last month, the Consumer Financial Protection Bureau (CFPB) requested public input on the best ways to build a regulatory environment that expands consumer credit access and ensures that consumers are...
Aug 14, 2020 | Congressional Legislation, News
Financial Services Industry Fears Slashing Unemployment Aid Will Lead to Loan Defaults With further COVID-19 relief legislation in limbo due to a stalemate in Congress, many Americans who have been unemployed as a result of the global pandemic are now seeing a lapse...
Aug 12, 2020 | Federal Regulation, News
Kraninger Open to Congressional Proposals to Restructure CFPB Leadership Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger recently stated that she is open to changes regarding the Bureau’s leadership structure. Her comments at a hearing before the...
Aug 10, 2020 | Financial Literacy, News
Experian Introduces Video Streaming Payment History Option to Improve Credit Scores Last month, Experian announced that consumers can add video streaming payment history to their credit reports through Experian Boost, Experian’s consumer credit product that launched...
Aug 7, 2020 | Congressional Legislation, News
Senate Indian Affairs Committee Advances 11 Bills Last week, the Senate Committee on Indian Affairs passed eleven bills at its business meeting. Senator John Hoeven (R-N.D.), Chairman of the Committee, made remarks after the meeting, praising the committee for its...
Aug 5, 2020 | Congressional Legislation, Federal Regulation, News
Kraninger Appears Before House Financial Services and Senate Banking Committees Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger appeared before both chambers of Congress last week in a pair of hearings on the CFPB’s Semi-Annual Report to Congress....
