Oct 5, 2018 | News, Online Lending
← Previous Article Next Article → Installment loan delinquencies held steady in the second quarter of 2018, according to the American Bankers Association (ABA). Since 2003, installment loan delinquencies for closed-end loans remain well below the 15-year...
Oct 3, 2018 | Congressional Legislation, News
← Previous Article Next Article → Representative Maxine Waters (CA-43) introduced a congressional bill titled the “Consumer First Act,” on Tuesday, October 3. The bill takes aim at Mick Mulvaney’s softer approach towards regulation as the head of the...
Oct 2, 2018 | Federal Regulation, News
← Previous Article Next Article → Four government regulators met with the Senate Banking Committee on Tuesday to answer questions about the implementation of the regulatory relief bill – the Economic Growth, Regulatory Relief, and Consumer Protection...
Oct 1, 2018 | Financial Literacy, News
← Previous Article Next Article → Last month, we launched our Digital Financial Literacy Program. This program is designed to provide easy-to-understand information to help people better understand their finances and make decisions. Through this program, we...
Sep 28, 2018 | Litigation, News, Tribal Sovereignty
← Previous Article Next Article → The Federal Trade Commission, along with the Department of Justice, has mailed refund checks totaling $505 million to more than one million people who were victims of a “lending scheme operated by AMG Services, Inc. and...
Sep 27, 2018 | Banks & Credit Unions, News
← Previous Article Next Article → Ten years ago, the American economy suffered one of the worst recessions in U.S. history. Thousands of businesses closed up shop, and millions of people were left unemployed. At the time, billions of dollars were poured into...
Sep 25, 2018 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → More people are using online lending platforms to fulfill their financial service needs today than ever before. The global volume of new fintech credit – or credit that is facilitated by online platforms not operated...
