Wells Fargo, the embattled bank, disclosed in a regulatory filing that it is facing lawsuits over scandals in its auto lending and mortgage units. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Bank of America has reached a settlement in a lawsuit over extended overdraft fees, agreeing to pay consumers $66.6 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The White House announced that President Donald Trump signed a Congressional resolution allowing banks to block customers from filing class-action lawsuits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
According to the latest report by the Consumer Financial Protection Bureau (CFPB), long-term auto loans are on the rise. The CFPB’s data finds that 42 percent of auto loans made in the last year carried a payback term of six years or more, compared to...
Another member of the GOP has announced he won’t seek re-election in 2018. This time it’s Rep. Jeb Hensarling, who will retire from Congress at the end of his term as chairman of the House Financial Services Committee. Get the Full Story Complete the form...
In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when they leave the embattled financial institution, relaxing a restriction put in place last year when the bank’s fake account scandal...
The Consumer Financial Protection Bureau (CFPB) has launched a new online tool that tracks mortgage delinquencies nationwide. 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...
Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever...
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
