CFPB Report Examines How Servicemembers Build Credit Histories
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...
Online Lenders and Colorado AG Announce Settlement in Bank Partnerships Suit
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...
CFPB Adds New Capabilities to Consumer Complaint Database
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...
Sen. Bennet Introduces Legislation to Help Tribal Businesses Access PPP Loans
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...
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...
