Online Lender Enova Banned From Offering Short-Term Loans Enova has agreed to pay a $15 million fine to settle charges, including illegally withdrawing funds from consumer bank accounts, the CFPB says. Kiplinger · Nov 22, 2023
Feds Fine Toyota $60M For Sketchy Lending Practices, False Credit Report Claims Toyota Motor Credit allegedly made it difficult or impossible to cancel unwanted extras during financing, among other things. Motor1 · Nov 20, 2023
Citi Fined For Denying Credit Cards To Armenian Americans Citi to pay $25.9 million for discrimination issues including lying to Armenian Americans about why they were denied credit cards, CFPB says. Kiplinger · Nov 15, 2023
Your Favorite Payment Apps May Face Federal Scrutiny A new payment app proposal would make PayPal, Apple Pay and more abide by some of the same rules as big banks and other financial institutions. Kiplinger · Nov 10, 2023
Bank Deposit Delays Impact Customers Bank deposit delays after a processing error at Clearing House are still impacting customers. Kiplinger · Nov 8, 2023
Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday The Independent UK · Nov 8, 2023
Consumers have been propping up the U.S. economy when no one else could—now the debts are being called and they can’t pay their bills Americans’ credit card balances have hit a record high. Fortune · Nov 8, 2023
High Healthcare Costs Can Cause Even the Insured To Skip Care People are struggling with healthcare costs regardless of their insurance status, a new study from The Commonwealth Fund finds. Kiplinger · Nov 3, 2023
PayPal Receives SEC Subpoena Over PYUSD Stablecoin SEC's enforcement division requests documents from PayPal regarding its USD-pegged stablecoin Zenger · Nov 2, 2023
Chevron meets ESG The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law. Ballotpedia · Oct 19, 2023
Senate votes to overturn CFPB small-business lending rule - Roll Call The Senate voted Wednesday to nullify a CFPB rule requiring lenders to gather information from small-business owners. Roll Call · Oct 18, 2023
Here are some of the biggest Supreme Court cases to watch this term Justices will hear questions involving Donald Trump’s eligibility for office, abortion rights, gun ownership, the First Amendment and other major cases The Independent UK · Oct 17, 2023
How to complain about your upcoming student loan bill On the bumpy road to repayment this fall, student loan borrowers have some qualms The Independent UK · Oct 11, 2023
Is It Unamicable to Reject the Argument of a Friendly Amicus Brief? The Solicitor General rejects an academic argument offered in defense of the Consumer Financial Protection Bureau. Reason · Oct 4, 2023
WEKU · Oct 3, 2023 The Supreme Court seems skeptical of a challenge to consumer agency The case before the high court Tuesday examined how the Consumer Financial Protection Bureau is funded. A ruling in favor of payday lenders could gut the agency.
Roll Call · Oct 3, 2023 Supreme Court sounds skeptical that Congress overstepped spending power - Roll Call Several justices seemed hesitant to curtail the congressional power to make federal funding decisions in oral arguments Tuesday.
WEKU · Oct 3, 2023 Consumer watchdog agency's fate at Supreme Court could nix other agencies too Payday lenders argue that the CFPB's funding structure is unconstitutional because it's not funded by money appropriated by Congress. The argument threatens the existence of other agencies, too.
The Guardian - US · Oct 2, 2023 Abortion, guns, democracy: US rights at stake as supreme court term begins As rightwing supermajority starts third term, legal experts ask how far it will go in reconfiguring the legal landscape of US
The Guardian - US · Oct 2, 2023 Rightwing activist helps fund ‘predatory payday lenders’ in supreme court case Watchdog group says entities backed by Leonard Leo have invested over $9m in ‘dark web’ of special interest groups
Roll Call · Sep 29, 2023 Supreme Court to hear arguments on funding for financial protection agency - Roll Call The Biden administration wants justices to overturn a ruling that invalidated the Consumer Financial Protection Bureau's funding structure.
Reason · Sep 28, 2023 Taylor Swift, Junk Fees, and the 'Happy Meal Fallacy' Thank Swifties, not Joe Biden, for Ticketmaster's consumer-friendly pricing policy.
Roll Call · Sep 28, 2023 Supreme Court to weigh cases on guns, regulations and redistricting in new term - Roll Call The Supreme Court starts a new term Monday with cases that will test how far the conservative majority could reshape the nation’s laws.
Salon · Sep 25, 2023 Call for Clarence Thomas to recuse grow Ethics violations by Justice Thomas and others on the Supreme Court keep piling up
WEKU · Sep 21, 2023 Medical debt could soon be barred from ruining your credit score The Biden administration unveiled regulations that potentially would help tens of millions of people who have medical debt on their credit reports.
WEKU · Sep 15, 2023 How Lehman's collapse 15 years ago changed the U.S. mortgage industry The global financial crisis of 2008 ushered in a new era of consumer protection, but the future of the housing market is uncertain.