The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act. The guidanc...
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Financial technology company Aven received a $142 million series D round of funding for its new credit card product. Aven, founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, is developing...
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The Consumer Financial Protection Bureau (CFPB) recently took two actions against Cleveland-headquartered Fifth Third Bank to settle both the bureau’s investigation into the bank’s auto insurance ...
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U.S. President Joe Biden announced plans this week that seeks to lower housing costs, create more affordable housing, and control the cost of rent. The Biden-Harris Housing Plan would build 2 milli...
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The Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) are urging the Federal Housing Finance Agency (FHFA) not to make any changes to ...
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Six Democratic senators in Congress want an explanation from JPMorgan Chase (JPM) about why the firm is retreating from its nearly two decades of pledges to help mitigate climate change. “Thi...
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The Federal Housing Finance Agency (FHFA) is rolling out new projections for tenants in multifamily properties financed by Fannie Mae and Freddie Mac. This marks the first time tenant protections w...
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The U.S. Senate passed legislation to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Loan Awareness Act of 2023 (S.3068) seeks to promote the VA Home ...
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U.S. Rep. Darrell Issa (R-CA) introduced a bill that mandates disclosure of third-party litigation financing agreements in civil lawsuits. Currently, civil litigation is funded by undisclosed third...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) reached a major milestone, collecting $1 billion in overdue taxes from high-income individuals. The effort was made possible b...
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