Newsletters

12.05.18

FDIC Encourages Small-Dollar Lending in New RFI

The Federal Deposit Insurance Corporation (FDIC) has signaled renewed interest in small-dollar lending.


12.05.18

FTC Sends Money Transfer Service $125M Penalty, Expanded Order

An international money transfer service must pay $125 million after it failed to take the steps required in a 2009 consent order it had agreed to with the Federal Trade Commission (FTC) and a 2012 Deferred Prosecution Agreement (DPA) entered into with the Department of Justice (DOJ).


11.27.18

CFPB: Payday Lending Rule, New Report and MLA Concerns

This week in news from the Bureau of Consumer Financial Protection (CFPB or Bureau), a Texas federal court granted a stay of the compliance deadline for the Payday, Vehicle Title and Certain High-Cost Installment Loans Rule, allowing the industry to breathe a sigh of relief.


11.27.18

SCRA News: DOJ Settles Action, FTC Proposes Rule

One of the nation’s largest credit unions will pay $95,000 after a DOJ investigation into the company’s violations of the Servicemembers Civil Relief Act (SCRA).


11.27.18

Online Lender Settles With FTC Over Refinancing Misrepresentations

Issuing a warning to other lenders, the Federal Trade Commission (FTC) reached a deal with an online lender over charges the company violated the FTC Act by making false statements about student loan refinancing.


11.27.18

State Update: Enforcement, Oversight by States Continues

State attorneys general continue to fill the federal enforcement void, with the Pennsylvania attorney general soliciting redlining complaints and the attorney general in New York reaching a $65 million deal with a bank over incentivized compensation.


11.27.18

Banks Face Changes After Midterm Elections

What impact will the midterm elections have on banks?


11.27.18

Is Your Ecommerce Site Secure for the Holidays?

The holiday season is here again and it is a prime time for cybercriminals to target websites to steal sensitive data.


11.07.18

Regulators Embrace Innovation

“Innovation” is the keyword for regulators across the country, with the Federal Deposit Insurance Corporation (FDIC) announcing the agency will create an office to encourage banks to try out new financial technology and the Securities and Exchange Commission (SEC) launching what it ...


11.07.18

Ruling on Surcharge Law, NY Court Adds to Murky Situation

In the latest piece of the surcharge controversy, New York’s highest court interpreted state law to hold that a merchant complies with the statute so long as it posts the total dollars and cents price charged to credit card users.