The CFPB laid down some serious fines on National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, Inc. The firms were collectively ordered to pay $26.1 million for attempting to collect on loans that were at best out of date and at worst...
Online lender SoFi’s sex scandal, which resulted in the company’s chief executive stepping down, is dashing its chances of becoming a bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Some of the most memorable television commercials of the 1970s and 1980s were those promoting E. F. Hutton’s brokerage services. When its tagline, “When E. F. Hutton talks, people listen,” was spoken in those commercials, everyone in the room stopped, turned to look and listened...
After the Equifax data breach that exposed the personal information of around 143 million consumers, Democrats have introduced a bill to give consumers the ability to freeze their credit for free. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The European Union wants market supervision to integrate more fully than has been the case, with the price tag borne by the very banks being scrutinized. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The decision by President Donald Trump to block a Chinese fund’s takeover attempt of a U.S. semiconductor company may presage further vetoes of cross-border deals involving Chinese buyouts of stateside entities. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Tim Sloan, CEO of Wells Fargo & Company, said Tuesday (Sept. 12) that the company is improving its cost controls in relation to revenue as it claws its way out of its fake account scandal. Get the Full Story Complete the form to unlock this...
U.S. senators are calling for a federal investigation into the sale of nearly $2 million in shares of Equifax by company executives after its massive data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
