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The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.
June 23 -
Counties that had high uninsured rates prior to the implementation of the Affordable Care Act have seen per capita collection balances fall if their state expanded Medicaid.
June 23 -
Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.
June 22 -
Frustrated by low yields on commercial and real estate loans, banks are finding innovative ways to beef up their consumer loan books. They are creating new business lines, teaming with established retailers, even partnering with alternative lenders in an effort to diversify and generate new streams of revenue.
June 22 -
WASHINGTON Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.
June 20 -
The U.S. Department of Education has proposed regulations to strengthen a rule against predatory practices by post-secondary institutions.
June 20 -
Lawsuit filings for all key statutes impacting debt collectors dropped in May, according to the latest numbers pulled from U.S. district courts.
June 17 -
Richard Cordray, the director of the Consumer Financial Protection Bureau, is the target of a new TV ad campaign that alleges he is courting potential funders for a run as governor of Ohio by enacting a plan that would benefit trial lawyers. The campaign appears to be the work of Lincoln Strategy Group, a political strategy firm in Phoenix with ties to Republicans.
June 16 -
Tim Sloan, president and COO at Wells Fargo, is widely viewed as next in line to take over as CEO of the bank. He discussed the speculation as well as energy lending, credit standards, living wills and a number of other topics in a recent interview.
June 16 -
The head of an allegedly unlawful debt collection operation is banned from that business under a court order obtained by the Federal Trade Commission.
June 16