loans

CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
January 13, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held...

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CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
January 09, 2025  |  CFPB

The Consumer Financial Protection Bureau has been busy — with the latest salvo of (possible) rulemaking looming for buy now, pay later (BNPL) loans, earned...

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TransUnion Set to Acquire Credit Prequalification Firm Monevo
TransUnion Set to Acquire Credit Prequalification Firm Monevo
January 08, 2025  |  Acquisitions

TransUnion says it plans to acquire British credit prequalification/distribution platform Monevo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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UK’s CFIT to Launch Coalition Focused on Small Business Finance
UK’s CFIT to Launch Coalition Focused on Small Business Finance
January 07, 2025  |  SMBs

The Centre for Finance, Innovation and Technology (CFIT) said Tuesday (Jan. 7) that Mastercard and Lloyds Bank agreed to partner with it and fund its...

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CFPB Bans Medical Debt From Consumer Credit Reports
CFPB Bans Medical Debt From Consumer Credit Reports
January 07, 2025  |  Debt

Medical debt will no longer appear on consumers’ credit reports under a new government rule. Get the Full Story Complete the form to unlock this...

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Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
January 06, 2025  |  Acquisitions

Eltropy acquired Lexop, saying the combination of the companies’ technologies will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster and enhance borrower...

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CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025  |  CFPB

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence...

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FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
January 03, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) rated five banks “outstanding” and one bank “needs to improve” in its latest monthly list of banks examined for...

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2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
January 02, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive...

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