Facebook Launches Financial Group for Payments
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...
CFPB Requests Information on How to Prevent Credit Discrimination
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...
Financial Services Industry Fears Slashing Unemployment Aid Will Lead to Loan Defaults
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...
Kraninger Open to Congressional Proposals to Restructure CFPB Leadership
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...
Experian Introduces Video Streaming Payment History Option to Improve Credit Scores
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... Senate Indian Affairs Committee Advances 11 Bills
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... Kraninger Appears Before House Financial Services and Senate Banking Committees
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....
Senate Passes Bill to Prevent Garnishment of Relief Payments by Private Debt Collectors
Senate Passes Bill to Prevent Garnishment of Relief Payments by Private Debt Collectors Recently, the U.S. Senate passed a bipartisan bill to protect recovery payments supplied by the CARES Act from being garnished by private debt collectors. The bill was introduced... 