consumer protection

LendingClub Gets Sued By The FTC; Stock Hits Record Low
LendingClub Gets Sued By The FTC; Stock Hits Record Low
April 25, 2018  |  Legal

LendingClub, the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday (April 25) after...

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Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
April 17, 2018  |  CFPB

Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. According to American Banker, the...

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Consumer Watchdog Wants More Than Regulation For Facebook
Consumer Watchdog Wants More Than Regulation For Facebook
April 12, 2018  |  Facebook

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. “Facebook has a...

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Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
April 11, 2018  |  CFPB

The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were...

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Facebook Defends Data Sharing Tool As FTC Compliant
Facebook Defends Data Sharing Tool As FTC Compliant
April 06, 2018  |  Facebook

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. The social media...

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Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
March 21, 2018  |  Intelligence of Things

Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The harder stance is...

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Bias Allegations Force Hand Of UK Complaints Body
Bias Allegations Force Hand Of UK Complaints Body
March 14, 2018  |  International

Britain’s Financial Ombudsman Service (FOS) has been ordered to prove that the organization has thoroughly investigated customer complaints against banks. FOS handles complaints that customers...

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New ICBA Chair Reveals Biggest Threats To Banks
New ICBA Chair Reveals Biggest Threats To Banks
March 14, 2018  |  Banking

Timothy Zimmerman, the new chair of the Independent Community Bankers of America (ICBA) believes the biggest threats to banks right now are hackers, FinTech firms...

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CFPB Issues Final Rule Connecting Mortgage Servicers To Bankrupt Borrowers
CFPB Issues Final Rule Connecting Mortgage Servicers To Bankrupt Borrowers
March 09, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) introduced a final rule on Thursday (March 8) that it said will help mortgage servicers communicate with borrowers who...

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