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Without the Consumer Financial Protection Bureau setting specific debt collection guidelines including what technology agencies can use the industry will continue a practice that harms consumers: lawsuits.
June 8
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Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope to keep pace with the competitors. Question is, how far will they go to retain their best customers?
June 7
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Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.
June 7 -
LendingClub abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn't ready to address investors after a leadership shakeup last month. It also overhauled criteria for the consumer loans it arranges online.
June 7 -
Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.
June 7 -
LendingClub, under pressure to bolster investor confidence in the loans it arranges online, is boosting interest rates and tightening criteria for borrowers to qualify.
June 7 -
Hot demand for shares of Enterprise Bancorp in Lowell, Mass., has prompted the bank to double the size of its secondary offering.
June 7 -
A push for having an independent chairman gained traction immediately after the financial crisis. Years later, the effort seems to be losing momentum.
June 7
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We need a variety of small-dollar credit products to meet a variety of consumer needs. So the Consumer Financial Protection Bureau's proposed payday plan must provide more flexibility.
June 7
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Global trade protectionism in other countries increasingly poses an obstacle to keep the market for payments networks competitive.
June 7
