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Bill supporters say the guidance — which held indirect auto lenders liable for unintentional discrimination at partner dealerships — violated Dodd-Frank, but consumer advocates say the legislation would expose minority borrowers to mistreatment.
May 8 -
Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.
May 8 -
Former N.Y. Attorney General Eric Schneiderman had been a thorn in the side of financial institutions, using his state’s significant clout to affect national policy debate on a host of topics ranging from dark pools to cryptocurrencies. Here’s a look back at how Schneiderman made his mark on the ways financial institutions do business.
May 8 -
The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.
May 8Louisiana -
About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.
May 8 -
The public face of the Trump administration's revamp of the Consumer Financial Protection Bureau is by no means working alone.
May 7 -
Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.
May 7 -
New legislation calls on the USPS to begin offering banking services, which would be a dangerous use of government resources.
May 7 -
Payment collections will never be easy, but the availability of so much data and the means to make meaningful sense out of it with AI and advanced analytics is helping collections firms be more efficient and smart about their interactions, writes Scott Kendrick, vice president of marketing at CallMiner.
May 4CallMiner -
Readers applaud acting Consumer Financial Protection Bureau Director Mick Mulvaney’s cost-cutting ideas, slam recent calls for postal banking, opine on banks limiting their business with firearms dealers and more.
May 3