loans

CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
December 16, 2024  |  CFPB

A new regulatory report shows a variety of unlawful activity in America’s student loan market. The report, issued by the Consumer Financial Protection Bureau (CFPB) Monday (Dec. 16,...

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CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024  |  CFPB

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part...

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Affirm’s Lending Capacity Gets Boost From Sixth Street Investment
Affirm’s Lending Capacity Gets Boost From Sixth Street Investment
December 13, 2024  |  BNPL

Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion...

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Banks Step Up Due Diligence on Non-Bank Borrowers
Banks Step Up Due Diligence on Non-Bank Borrowers
December 13, 2024  |  Bank Regulation

For banks, the ever-expanding push into global markets also has included a broadening of lending activities — to the tune of trillions of dollars. In...

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Slope Launches Commercial BNPL Card Powered by Marqeta
Slope Launches Commercial BNPL Card Powered by Marqeta
December 12, 2024  |  Buy Now Pay Later

Slope launched a commercial buy now, pay later (BNPL) card solution powered by Marqeta. The new Slope Card enables brands and marketplaces to allow their...

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Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024  |  CFPB

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large...

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CFPB Bans Performant From Servicing or Collecting Student Loan Debt
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000...

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Banks Tighten Credit Access as Demand for Limit Increases Rises
Banks Tighten Credit Access as Demand for Limit Increases Rises
December 09, 2024  |  Debt

A dramatic rise in credit card debt over the last several years has pressured paycheck-to-paycheck consumers, with a disproportionate burden on those individuals and households...

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