loans

CFPB Handles 20,000 Consumer Complaints Per Week
CFPB Handles 20,000 Consumer Complaints Per Week
November 30, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers...

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FDIC Reports Banks Remain Resilient as Net Income Stays High
FDIC Reports Banks Remain Resilient as Net Income Stays High
November 29, 2023  |  Banking

The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from...

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CFPB Fines Bank of America Over Mortgage Lending Data Submissions
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
November 28, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Hundreds...

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Data Helps FinTechs Forge Much-Needed Path to Profitability
Data Helps FinTechs Forge Much-Needed Path to Profitability
November 28, 2023  |  Data

For FinTechs, capturing data, analyzing it, and perhaps even monetizing it through partnerships will help determine who’s profitable, and ultimately, which FinTechs survive and thrive....

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Main Street Mainstays Could Use a Leg Up on Small Business Saturday
Main Street Mainstays Could Use a Leg Up on Small Business Saturday
November 24, 2023  |  SMBs

The holiday weekend is here. And, as has been seen over more than a decade, Small Business Saturday, a mainstay of the retail landscape initially...

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Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
November 21, 2023  |  SMBs

If startups are the lifeblood of Main Street businesses, and if optimism is what drives sole proprietors and small firms to make a go of...

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CFPB Fines Toyota Motor Credit $60 Million for Illegal Practices
CFPB Fines Toyota Motor Credit $60 Million for Illegal Practices
November 20, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting...

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40% of Mid-Sized LatAm Firms Use Working Capital to Fuel Growth
40% of Mid-Sized LatAm Firms Use Working Capital to Fuel Growth
November 20, 2023  |  SMBs

In the Latin America and Caribbean (LAC) region, 40% of mid-sized companies use various working capital solutions to support planned growth, driving the highest average...

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Record-High Share of Americans Have Paid Off Their Homes 
Record-High Share of Americans Have Paid Off Their Homes 
November 17, 2023  |  Real Estate

An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage.  Nearly 40% of homeowners in the...

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