Consumer complaints about error resolution at Google Payment Corp., Google’s online payments arm, have led to the federal consumer financial protection agency establishing direct supervisory authority over the nonbank firm, which reportedly is suing over […]
The harmful effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse would be considered under a rule being contemplated by the federal consumer financial protection agency, […]
Delaying borrowers’ loan rehabilitation processes, generating fees for itself and costing individual borrowers thousands of dollars has earned a Florida-based student loan debt collector an order to pay a $700,000 penalty and be banned from […]
Fourteen financial vulnerabilities for U.S. financial stability – similar to those noted a year ago, with some having evolved “in consequential ways” – and recommendations for addressing each are detailed in the 2024 annual report […]
An $80 billion Texas bank has been sued for allegedly “systematically failing” 3.4 million primarily unbanked Americans receiving federal benefits, the federal consumer financial protection agency said Friday, which is seeking a stop to the […]
The federal consumer financial protection agency filed a proposed, stipulated final judgment and order against a firm that markets private student loans, as well as its investers, over alleged violations of federal consumer financial protection […]
Return of $1.8 billion in illegal junk fees – allegedly charged in a credit repair scheme – from Salt Lake City firms to 4.3 million Americans was announced Thursday by the federal consumer financial protection […]
Treasury’s financial crimes enforcement unit will accept nominations of eligible organizations to its Bank Secrecy Act Advisory Group (BSAAG) by Jan. 6, according to a notice in Thursday’s Federal Register. The BSAAG advises the Treasury […]
The latest update for reporting anti-redlining lending data is now available, the umbrella group for federal financial institution regulators said Thursday. According to the Federal Financial Institutions Examination Council (FFIEC), release 2 for the version […]
Delinquency rates at credit unions rose in the third quarter, and net income for the cooperative financial institutions fell, according to performance data released Thursday by their federal regulator. According to the third-quarter performance results […]
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