Truth in Lending Act

CFPB Reaches $335M Settlement With Citibank
CFPB Reaches $335M Settlement With Citibank
June 29, 2018  |  Banking

After Citibank, N.A. allegedly violated the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) of consumer credit card accounts,...

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Lawmaker Queries Alt-Lenders With Concerns Over ‘Trapped’ Small Biz Borrowers
Lawmaker Queries Alt-Lenders With Concerns Over ‘Trapped’ Small Biz Borrowers
July 28, 2017  |  B2B Payments

One U.S. lawmaker has begun to inquire about SMB alternative lending practices, according to JD Supra news reports. Rep. Emanuel Cleaver II (D-Mo.) has reportedly sent letters...

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CFPB Tweaks Proposed Prepaid Payroll Card Rules
CFPB Tweaks Proposed Prepaid Payroll Card Rules
July 14, 2017  |  B2B Payments

As a few individual states in the U.S. examine payroll and debit card rules, the Consumer Financial Protection Bureau also has this product on its...

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