A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers Money — ProPublica propublica.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propublica.org Daily Mail and Mail on Sunday newspapers.
New bill targets California debt settlement companies calmatters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calmatters.org Daily Mail and Mail on Sunday newspapers.
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Last month, the Department of Financial Protection and Innovation (DFPI) published proposed regulations under the Debt Collection Licensing Act (DCLA). The regulations largely address procedural matters related to obtaining a license. However, the DFPI’s proposed regulations also appear to implicitly address the scope of the license requirement, potentially expanding the category of licensees beyond what the statutory text contemplates.
The DCLA requires all persons who
engage in the business of debt collection in California to be licensed. Cal. Fin. Code § 100001(a) (emphasis added). The proposed regulations, however, appear to contemplate that any debt collector must be licensed.
CADFPI announces hiring of Christina Tetreault to lead Office of Financial Technology and Innovation | Ballard Spahr LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Over the past few years, earned wage access (EWA) has exploded in popularity because it’s good for workers’ financial health and stability. Financially healthy workers are less.