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CFPB Director Targets Credit Reporting Fees
The National Law Review· 3 days agoThe CFPB is continuing its crusade against so called “junk fees,” and now is looking at crediting reporting fees. In a May 20 speech to the Mortgage Bankers ...
Cash vs. credit: Which should I use?
USA Today· 4 days agoWhile 31% of purchases were made with cash in 2016, that dropped to 18% by 2022, according to the Federal Reserve Board. Does that mean credit cards are...
Illinois Passes Legislation to Ban Reporting of Medical Debt | JD Supra
JD Supra· 3 days agoOn May 16, the Illinois legislature passed Senate Bill (SB) 2933. The bill amends the Illinois Consumer Fraud and Deceptive Business Practices Act making it unlawful for a ...
15 million Americans still harmed by medical debt despite credit agencies' changes
FOX Business· 5 days agoMillions of Americans continue to have their credit dinged by medical debt despite changes to how...
South Carolina Becomes Fifth State to Enact Law Regulating Earned Wage Access Services | JD Supra
JD Supra· 4 days agoThe law prohibits a person from providing earned wage access services to a consumer without registering with South Carolina’s consumer protection
How to Use 'Buy Now, Pay Later' to Help (Not Hurt) Your Credit
Lifehacker· 7 days agoThe rise of "buy now, pay later" (BNPL) services has made it easy for consumers to take out small,...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 4 days agoIn 2019, the CFPB and FRB finalized a rule that formally set a method for inflation adjustments which occur every five years. The agencies adjust the dollar thresholds based on the annual percentage ...
JD Supra: Kansas Becomes Fourth State to Enact Earned Wage Access Legislation
JD Supra· 20 hours agoHB 2560 enacts the Earned Wage Access Services Act that requires EWA providers to be licensed by the state bank commissioner and comply with certain disclosure rules. Kansas follows Nevada, ...
JD Supra: Missouri Federal Court Finds Plaintiff Lacks Standing to Challenge Compliance Condition...
JD Supra· 2 days agoIn Williams v. LVNV Funding, LLC, the plaintiff owed a debt to a bank and defaulted on the debt by failing to make timely payments. In 2019, the bank charged off the debt and the defendant became ...
How to Find the Right Car Loan
ISeeCars.com via Yahoo News· 3 days agocredit unions. They work much like banks and can offer the same types of loans and loan terms, but you may need to be a member of the credit union to...