The CFPB announced yesterday (March 30) that it has taken action against a student loan debt relief scam that causes borrowers to pay for illegal fees tied to federal loan benefits that the company claimed to be associated with the Department of Education. Get the...
The Consumer Financial Protection Bureau said Tuesday (March 29) that it has released its newest monthly consumer complaint snapshot, which, as per usual, spotlights complaints tied to debt collection. And perhaps to the surprise of no one, the highest-ranking agitator of consumer nerves were the attempts...
Among the top banking regulators aiming a regulatory salvo at the FinTech sector: the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Billionaire Warren Buffett has accumulated a 10 percent ownership in Wells Fargo, an investment level that automatically triggers a review from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Merchants are preparing a new battle in the seemingly never-ending debit-card interchange fee wars. 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 daily newsletter, PYMNTS...
The Consumer Financial Protection Bureau said on Wednesday (March 23) that it has issued an advisory alongside a report detailing recommendations for financial institutions, ranging from credit unions to banks, offering information on how to recognize, report and also prevent financial exploitation of older customers....
Interest rates might have a tough impact on big banks this year, especially given the burden of meeting and exceeding the cost of capital.
Coffee and lawsuits usually lend themselves to courtroom comedies rather than dramas, but even memories of farcical lawsuits in the past aren’t enough to stop consumers who think they’ve been taken for a ride. Get the Full Story Complete the form to unlock this article...
After chasing a trail of alleged corruption around the globe for the past four years, U.S. Justice Department officials are reaching dead ends in several of their probes into Walmart’s business operations overseas. Get the Full Story Complete the form to unlock this article and...
