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South Carolina Enacts Earned Wage Access Legislation Requiring Registration, Exempting the Product...
JD Supra· 6 days agoOn May 21, 2024, South Carolina Governor Henry McMaster signed into law the Earned Wage Access Services Act (the “Act”), which will require earned wage ...
After raising $100M, AI fintech LoanSnap is being sued, fined, evicted
TechCrunch· 2 days agoAI mortgage startup LoanSnap is facing an avalanche of lawsuits from creditors and has been evicted...
Council Post: Beyond Traditional Banks: Lessons From Peer-To-Peer Lending
Forbes· 2 days agoDigital technologies have disrupted the established order created by traditional financial services....
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 2 days agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify who benefits ...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 1 day agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from the Federal Reserve System consistent with the Constitution’s Appropriations Clause.
CFPB Applies Credit Card Rules to 'Buy Now, Pay Later' Lenders | JD Supra
JD Supra· 1 day agoGiven that traditional BNPL products do not involve a finance charge and are repayable in four or fewer installments, many provisions of Regulation Z do not apply to BNPL loans, as the CFPB ...
A Harder, Longer Fundraising Process For Much Less Money — DocSend’s Funding Divide 2024 Report
Forbes· 16 hours agoAfter a significant tightening in the startup fundraising scene in 2022, obtaining early-stage...
SCOTUS CFSA decision to have broad impact | JD Supra
JD Supra· 7 days agoThe U.S. Supreme Court’s ruling last week in CFSA v. CFPB that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution removes what many observers consider ...
Small Business, Big Government Intervention
Forbes· 3 days agoCertain official proclamations in recent weeks have highlighted an unnerving shift in the federal government's relationship with America’s small...
How the White House’s Executive Order on AI may impact the law
Fast Company Magazine· 7 days agoAt the Exceptional Women Alliance (EWA), we enable high-level women to mentor each other to achieve...
