June 05, 2024
Inter Focuses on Brazilian Migrants to Drive US Growth
Brazilian online lender Inter&Co is expanding its efforts in the United States, with a focus on replicating its success in Brazil’s online banking sector. With a customer base of 32 million...
June 04, 2024
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic to try to trick consumers...
June 03, 2024
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
The Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or...
June 03, 2024
UK Neobank Monzo Marks First Profitable Year
British neobank Monzo is planning further expansion as it marks its first profitable year. The company’s annual report, released Monday (June 3), showed its profit before tax at $19.5 million...
June 02, 2024
UK Probes Nationwide’s $3.7 Billion Acquisition of Virgin Money UK
Britain’s Competition and Markets Authority (CMA) has initiated an investigation into Nationwide Building Society’s proposed £2.9 billion ($3.7 billion) all-cash acquisition of Virgin Money UK. The deal, announced in March...
May 30, 2024
J.P. Morgan Adds Fractional Shares Capability to Self-Directed Investing Experience
J.P. Morgan has enhanced its Self-Directed Investing experience, adding new features to provide clients with better tools and resources for making informed investment decisions. One of the key enhancements is...
May 30, 2024
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. Closing costs have risen sharply in recent years, the CFPB said in a...
May 29, 2024
Equifax Accused of Monopolizing Employment Verification Market in New Suit
Equifax, a leading data analytics company, has been hit with a proposed class action lawsuit accusing it of monopolizing the market for electronic income and employment verification services. The suit,...
May 28, 2024
Consumers Increasingly Expect Growth in Public Assistance Programs
Consumers are more likely to expect an expansion of public assistance programs than they were a year ago. Among the programs about which they have increased optimism are federal student...
