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3 Mar 2021, 5:25 am by Christopher J. Willis
With regard to small dollar credit, he acknowledged the need for consumers to have access to small dollar credit but also stressed the need for consumers to have faster access to their own money. [read post]
24 Feb 2021, 2:55 am by Kevin Kaufman
Understanding the potential effects of proposed changes to the corporate income tax, including the potential impacts on American workers, consumers, and the broader American economy, can help avoid costly mistakes. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Feds Probing American Express’ Business, Consumer Card Sales PracticesThe Hill – February 12, 2021 American Express disclosed on Friday that several federal agencies are probing its sales practices for its small business credit cards and consumer cards. [read post]
12 Feb 2021, 5:01 am by Adam Weinstein
In Afghanistan, surging violence has worsened the sluggish pace of peace negotiations between the Taliban and the Afghan government, jeopardizing a potential settlement to end the country’s decades of war. [read post]
5 Feb 2021, 9:05 pm by Brianna Rauenzahn
Department of Labor regulations to reclassify student athletes under a category similar to a work-study program. [read post]
5 Feb 2021, 6:39 pm by Bill Marler
Let’s give credit to where credit is due. [read post]
“‘Sensitive personal information’ means: (1) Personal information that reveals: (A) a consumer’s social security, driver’s license, state identification card, or passport number; (B) a consumer’s account log-in, financial account, debit card, or credit card number in combination with any required security or access code, password, or credentials allowing access to an account; (C) a consumer’s precise geolocation; (D) a… [read post]
” The 2020 Rule has been widely criticized by consumer advocates and HUD’s proposal of the 2020 Rule met with strong criticism from Democratic lawmakers. [read post]
2 Feb 2021, 8:19 am by James Kim
Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. [read post]
28 Jan 2021, 9:34 am by Kristian Soltes
Phys.org – January 27, 2021 The widespread use of cashless payments including credit cards, debit cards, and mobile apps has made transactions more convenient for consumers. [read post]
28 Jan 2021, 3:19 am by Greg Lambert and Marlene Gebauer
And on top of that, if you’re in Texas or reciprocal state, you also get one and a quarter hours of CLE credit so it’s a win win win win situation. [read post]
25 Jan 2021, 4:41 pm by Allison Dobbins
Another remedy to combat the lies from a car sales rep is to contact the California Department of Consumer Affairs to file a complaint. [read post]
  According to American Banker’s report last week, Rakuten’s most recent application for FDIC insurance features a proposed business plan simpler than those submitted with its earlier applications, with consumer offerings including a cash-back rewards credit card and certain online deposit services. [read post]
Because the following rules have not yet been published in the Federal Register, they must be immediately withdrawn from the Office of the Federal Register and reviewed and approved by Acting Director Oejio (or Director Chopra once confirmed and sworn in): The final rule implementing the exemption in the Economic Growth, Regulatory Relief, and Consumer Protection Act from the requirement to maintain an escrow account in connection with a higher-priced mortgage loan (HPML) for insured… [read post]
21 Jan 2021, 9:06 am by Kristian Soltes
While the bill failed, BNPL firms will likely face new regulations in the U.K. following a Treasury review of unsecured credit. [read post]