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CFPB Issue Spotlight Analyzes How Financial Institutions Use Chatbots - Vimarsana News

CFPB Issue Spotlight Analyzes How Financial Institutions Use Chatbots

The bureau warns of risks with noncompliance of federal consumer financial protection laws and provides guidance on how to best use chatbots when communicating with consumers.

Lexington Law Files for Chapter 11 Bankruptcy - ACA International - Vimarsana News

Lexington Law Files for Chapter 11 Bankruptcy - ACA International

The company seeks to reorganize through the bankruptcy filings, prompted by an enforcement action from the Consumer Financial Protection Bureau.

California Regulator Enforces Unlicensed Debt Collection Activity - Vimarsana News

California Regulator Enforces Unlicensed Debt Collection Activity

Three entities were cited for violations of the California Consumer Financial Protection Law and fined.

'Junk Fee' Issue Headed to Senate Subcommittee - ACA International - Vimarsana News

'Junk Fee' Issue Headed to Senate Subcommittee - ACA International

The subcommittee will examine possible legislative solutions to protect consumers from undisclosed fees and explore how the fees impact a fair and transparent marketplace.

Federal Reserve Board Issues Report on U.S. Households' Economic Well-Being - Vimarsana News

Federal Reserve Board Issues Report on U.S. Households' Economic Well-Being

Overall financial well-being has decreased in the last year, despite a robust labor market, according to the report.