After PHH Corp.’s appeal of a $109 million penalty caused a legal battle over the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) structure, agency officials are recommending that Director Mick Mulvaney dismiss the company’s case, American Banker reported. Get the Full Story Complete the...
It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A new report from TransUnion shows that credit card usage continued to rise, as delinquency rates per borrower also increased. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47 million in illegal high-interest loans, The Daily Press reported. Get the Full Story Complete the form...
Following its acquisition of Vault, Acorns has rolled out a simple way to open and fund a retirement account through Acorns Later. The launch marks the company’s first tax-advantaged product offering, the company said in an announcement. Get the Full Story Complete the form to...
When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Federal Housing Finance Agency (FHFA) won’t be launching its new credit score model until at least 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Equifax, the credit scoring company still reeling from a massive data breach last year, announced news on Monday (Feb. 26) of the launch of Analytic Dataset, a new tool that provides borrower-level data in an anonymous and non-aggregated format. Get the Full Story Complete the...
