The CFPB recently issued a consent order against an auto-loan finance company for illegally charging customers interest on late payments of its loss damage waiver fee without their knowledge. The CFPB found that between 2016 and 2021, the company violated … Continue reading →
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ROCKVILLE, Md.,– According to Packaged Facts’ just-released report, Private Label Credit Cards in the U.S., transactions and dollar volume for private-label credit cards dropped sharply with the onset of COVID-19, but then experienced recovery in the second half of the year. Even … Continue reading →
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In Kinnick v. Med-1 Solutions LLC, an Indiana district court granted partial summary judgment for the defendant in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized that requesting that collection communications cease before the … Continue reading →
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NEW YORK, June 15, 2021 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through May 2021 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that … Continue reading →
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Connecticut’s no-action position on remote work, enacted in March 2020, allowed individuals engaged in certain licensable activity on behalf of consumer credit licensees to work from remote office locations not licensed as branch office locations. While the no-action order expired … Continue reading →
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SAN JOSE, Calif., June 2, 2021 /PRNewswire/ — Many small business owners tap their personal credit when first starting their businesses or during downturns. However, your business can also have its own — completely separate — credit profile. Building business credit … Continue reading →
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In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau shares findings from its supervisory work “highlighting legal violations identified by the Bureau’s examinations in 2020,” according to its press release. The report includes findings that led to public … Continue reading →
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When the pandemic hit, economists reeled at the potential financial consequences. Sustained closures, lockdowns and long-term restrictions were predicted to be so consequential they would lead the You are currently unable to print this content. Please contact [email protected] to find … Continue reading →
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The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure, which would be prohibited by the Consumer Financial Protection Bureau protections for borrowers affected … Continue reading →
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SACRAMENTO, Calif. (AP) — These new California laws take effect Thursday, when the new fiscal year begins: —California’s ban on buying more than one handgun in a 30-day period expands to semiautomatic centerfire rifles, which include some that meet California’s … Continue reading →
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