Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
California, with the signature of Governor Jerry Brown, has officially passed a law that will make it easier for consumers to sue banks alleged to have created fraudulent accounts in their names. Get the Full Story Complete the form to unlock this article and enjoy...
The payday lending and debt collection industry is controversial, to say the least, and it is getting a day in court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Maxine Waters, the top Democrat on the House Financial Services Committee, issued a report last week suggesting that regulators might want to consider shutting down the scandal-ridden Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
By now, the sobering statistics are familiar: Nearly half of American adults say they could not cover an unexpected expense of $400, according to the Federal Reserve. Now, a new study by the Consumer Financial Protection Bureau (CFPB) similarly shows that more than 40 percent...
Equifax is facing yet another legal woe from its massive data breach. This time, New York State’s financial services regulator has issued a subpoena to the company, demanding that it provide more information about the leak. Get the Full Story Complete the form to unlock...
Hearing the news “the CFPB is coming” as a credit agency or financial services professional is something akin to hearing the news “winter is coming” as a Game of Thrones character — it means nothing good is about to happen to you, and more likely...
A handful of Uber shareholders filed a lawsuit against the company and its former chief executive for what they claim is the covering up of illegal business tactics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.S. Senate is expecting to overturn a new ban on banks and credit card companies requiring customers to surrender their right to sue in order to open accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
