U.S. Sen. Tim Scott (R-SC) introduced a resolution that seeks to overturn the Consumer Financial Protection Bureau’s (CFPB) rule that puts a cap on credit card late penalties. The CFPB’s rule,...
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On Monday, Empower Finance announced it would be acquiring Petal, a consumer credit card and financial technology company in New York, on the heels of acquiring Cashalo, a consumer credit and lending ...
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A new report from the Consumer Financial Protection Bureau (CFPB) found that as overall interest rates rose, more borrowers paid “discount points” upfront. The report stated that the percentage...
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On Friday, the U.S. Department of Treasury announced it would be accepting applications for the Investing in American Small Business Opportunity Program (SBOP). The program is part of the Treasury...
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The Independent Community Bankers of America (ICBA) released new poll results on how Americans feel about legislation to create credit card routing mandates. The survey stems from the Credit Card C...
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A new report assessing the impact of removing noneconomic damage caps in Colorado was released this week by the Colorado Chamber of Commerce in partnership with the American Property Casualty Insuranc...
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A new report from the Consumer Financial Protection Bureau (CFPB) has found that online video games and virtual worlds could be putting players financial and personal information at risk. The repo...
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On Wednesday, the Securities and Exchange Commission (SEC) announced it had charged investment advisor Senvest Management LLC for widespread and longstanding recordkeeping failures. The SEC also c...
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U.S. Sen. Bob Casey (D-PA) has expressed his support for a rule that would reduce excessive bank overdraft penalties. The proposed rule by the Consumer Financial Protection Bureau (CFPB) would clos...
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Six more states have joined a lawsuit against a financial company for violations of multiple consumer protection laws that cost consumers hundreds of millions of dollars. The suit is against Marine...
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