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After the economic crash of 2008 when millions of Americans lost their homes, the Consumer Protection Act and Dodd-Frank Wall Street reform created the Consumer Financial Protection Bureau (CFPB) in...
The U.S. Consumer Financial Protection Bureau is currently pursuing nearly two dozen lawsuits accusing prominent defendants including Fifth Third Bank, TransUnion and Moneygram of financial misconduct. The agency's 300-plus enforcement actions from 2012-22 have delivered $16 billion of relief to American consumers, drawn in part from a $3.7 billion settlement last year with Wells Fargo, according to CFPB data. Yet as it continues to police financial wrongdoing, the CFPB faces an existential threat in the case pursued by two trade groups representing the payday loan industry to be argued...
Fintech lenders are ‘relying heavily’ on credit scores to determine loan pricing, a recent study found
The measure will prevent banks chartered elsewhere from charging interest rates above Colorado's 36% rate cap. If additional states take the same approach, it could hamper the business model for high-cost consumer lenders that partner with banks.
Today on AirTalk, we look at the coverage of IVF costs in California. Also on the program, is ‘Buy Now, Pay Later’ a viable alternative to credit; COVID updates; and more.