The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as...
Recent rulings from the United States Court of Appeals have shined a bright spotlight on antitrust concerns. 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 our...
In a rare moment of bi-partisan agreement, House members sent the CFPB a letter last week to explicitly request the agency rethink some of its proposals to rein in payday lenders (and other providers of short terms loan offerings) as they fear the net result...
The Electronic Payments Coalition is unimpressed with the Durbin Amendment and wants it nixed. The coalition claims the amendment has allowed big-box retailers to pad their bottom lines to the detriment of smaller competitors, community banks and credit unions.
Consumers will save, if you incentivize them to save. That’s according to a new report from the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Samsung’s fall got off to a rocky start — putting it mildly — when their flagship phone, the Galaxy Note 7, had to be recalled because it had a tendency to catch on fire. Get the Full Story Complete the form to unlock this article and enjoy...
In the wake of the Wells Fargo scandal that has seen the massive banking institution assessed almost $200 million in fines and its CEO and former community banking head facing $60 million (so far) in compensation clawbacks, Federal Reserve chairwoman Janet Yellen said the central bank...
Five years in and a million complaints down. That is the story the CFPB is putting out today — since having been founded in 2011, the Consumer Finance Protection Bureau has handled over one million consumer complaints, a milestone they sailed past earlier this month. Get the...
The Consumer Financial Protection Bureau said on Tuesday (Sept. 27) that it has taken action against an online lender, LendUp, with fines levied of $1.8 million and an additional civil penalty of $1.8 million. Get the Full Story Complete the form to unlock this article...
