Income-driven repayment plans for federal student loan borrowers may not be as great as they are billed. That’s according to the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman, which released a report showing consumers complain of servicing problems that make it hard to get lower...
Controversy is swirling around a recent appointment to one of the top positions at the Consumer Financial Protection Bureau, and as American Banker reported on Wednesday (Aug. 17), the scrutiny revolves around the newly installed head of supervision and enforcement of fair lending. Get the Full Story...
Redlining refers to an unfortunate practice of the late 20th century when banks and realtors would conspire to make it harder for certain buyers – usually minorities – to buy homes, especially in certain areas. “Red lines” were drawn around specific areas which were deemed to be...
A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Consumers in the U.K. are apparently loyal to their banks, and that is apparently a bad thing according to the U.K. Competition and Markets Authority, the competition watchdog for the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Greece’s economy has been under pressure, and now, a bunch of the country’s small businesses are in trouble with Greek authorities. 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...
Berkshire Hathaway is a big fan of financial services company Wells Fargo, but Warren Buffett’s support of the San Francisco bank could cause his company to run afoul of U.S. securities laws. Get the Full Story Complete the form to unlock this article and enjoy...
Winning the hearts and minds of newly released inmates from federal prison may have been the goal of JPMorgan Chase when it inked a deal to provide them with debit cards, but that strategy seems to be imploding with the financial giant having to fork...
Financial services can be confusing but for non-English speaking ones living in the U.S., which at last count is more than 41 million, accessing financial services and products can be a huge problem. Get the Full Story Complete the form to unlock this article and...
