CBA: Restraining Federal Lending Critical to Reducing Excessive Student Loan...
In letter to Senate Banking Subcommittee, CBA outlines practical solutions to ease student loan debt, protect borrowers.read more
View ArticleFTI Consulting U.S. Loan Market Survey: Lenders Are Cautiously Optimistic for...
According to the survey, which was conducted from February 22 to March 12 , less than a majority (41%) of respondents expect strong economic growth (real GDP > 4%) this year, yet 70% said that the...
View ArticleAttorney General James Urges Congress to Rescind Rule Allowing Predatory...
NEW YORK – New York Attorney General Letitia James today continued her efforts to block federal regulatory overreach that takes advantage of New York’s most vulnerable consumers. As part of a...
View ArticlePredatory Loan Prevention Act Will Undermine Credit Access for Countless...
Around the country, legislation is currently being considered that would cap interest rates on loans and undermine access to credit for countless Americans. While this policy sounds attractive on...
View ArticleNevada Man Sentenced to 18 Months in Prison for Defrauding Banks in $9...
NEWARK, N.J. – A Henderson, Nevada, man was sentenced today to 18 months in prison for his role in a scheme to use bogus information and simultaneous loan applications at multiple banks – known as...
View ArticleCBA Applauds Introduction of Student Loan Disclosure Modernization Act
WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, the Consumer Bankers Association supports improvements to the federal higher...
View ArticleFormer CEO Of Live Well Financial Convicted In Connection With $200 Million...
Audrey Strauss, the United States Attorney for the Southern District of New York, announced that MICHAEL HILD, the founder and former chief executive officer of Live Well Financial, Inc.read more
View ArticleAkerman Expands National Real Estate Finance Practice in New York with Samuel...
Akerman LLP, a top 100 U.S. law firm, has expanded the national footprint of its Real Estate Finance Practice with the addition of Samuel Zylberberg in New York. He brings with him over 30 years of...
View ArticleFormer Managing Director and Two Former Loan Officers Plead Guilty for Roles...
The former managing director of residential lending and two former loan officers of a financial institution headquartered in Southfield, Michigan, pleaded guilty to participating in a years-long scheme...
View ArticleExperian delivers car finance eligibility to the automotive market
Customers of the biggest car dealerships will, for the first time, be able to look at financing options without it affecting their credit score.read more
View ArticleJ.D. Power Study: Traditional Banks Outperformed Fintechs In Consumer Lending...
WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after J.D. Power released the results of its 2021 U.S. Consumer Lending Satisfaction Study ,...
View ArticleNew York Man Sentenced to Two Years in Prison for Role in Loan Fraud
NEWARK, N.J. – A New York man was sentenced today to 24 months in prison for his role in a $3.5 million scheme to use false information and simultaneous loan applications at multiple banks to...
View ArticleU.S. Department of Education
Today, the U.S. Department of Education (Department) announced additional details about the first installment of its Equity Summit Series , to be held virtually on Tuesday, June 22nd. The program will...
View ArticleCBA Advocates For Higher Education Funding Reforms In New Letter To Congress
WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, the Consumer Bankers Association supports improvements to federal higher...
View ArticleWestpac support for customers impacted by COVID-19 restrictions in New South...
Westpac has today outlined the support measures available to help business and consumer customers impacted by the latest COVID-19 restrictions in New South Wales.read more
View ArticleWestpac outlines help available for customers in Queensland & Western...
Westpac has today outlined the support measures available to help business and consumer customers impacted by the latest COVID-19 restrictions in Queensland and Western Australia.read more
View ArticleCongressional Repeal Highlights Issues With Risky Bank Lending Partnerships
Following action by bipartisan majorities in the House and Senate, President Joe Biden signed a measure into law June 30 that rescinds the “true lender” rule, which the Office of the Comptroller of the...
View ArticleFinancial Woes Grow Worse Over Course of Coronavirus Pandemic; More Families...
The economic challenges caused by the coronavirus pandemic have grown worse since the spring for many American families, with an increasing number reporting that they have trouble paying bills,...
View ArticleCFPB issues interpretive rule on authority to resume MLA exams
The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule Wednesday that explains the basis for its authority to examine supervised financial institutions for compliance with the...
View ArticleConsumer Financial Protection Bureau Issues Interpretive Rule on Authority to...
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule today that explains the basis for its authority to examine supervised financial institutions for risks to...
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