Credit builder loans could increase the likelihood of credit record establishment for consumers without such documentation and could improve credit scores of those without current outstanding debt, according to a report released Monday by the […]
A vote on recommending for confirmation two nominees to the Federal Reserve Board, and a hearing on the nomination of a member of the federal credit union regulator’s board, have been scheduled for next week […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans Subject: Payday lending Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to amend its regulations governing […]
A record amount of $11.4 billion in debt settlements 10 years ago during the Great Recession may provide a road map of what’s to come in 2020 as the financial impact of the coronavirus crisis […]
There are no material differences in accounting and capital standards applicable to the insured depository institutions they regulate and supervise, but there are some technical deviations, the federal banking agencies will say in their annual […]
Millions of dollars in fines against a Florida company for charging illegal fees to consumers to purportedly relieve them of their federal student loan payments will be reduced to just a fraction of that under […]
Thomas Pahl is the new deputy director of the federal consumer financial protection bureau, the third person to fill that position so far this year. The agency also announced a new division consolidating its external […]
Several false, misleading, and inaccurate marketing representations in advertising for a Delaware-based financial services company that took $15 million in deposits but was not a bank are alleged in lawsuit filed Monday the Consumer Financial […]
Any federal credit union that had a rural district membership eligibility application postponed – for, in some cases, nearly two years — as a result of a now-resolved lawsuit will see its application processed immediately, […]
The economic and financial “path of recovery” from the impact of the coronavirus crisis remains highly uncertain, the Federal Reserve’s top supervisor said Tuesday – but he also noted that banks continue to be in […]
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