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CFPB sues credit card company over excessive fees

Payments Dive

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

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AI Will Transform the Credit Industry by Putting the Customer First

The Fintech Times

Adrian Nazari, founder and CEO, Credit Sesame In 2023, a good credit score is your golden ticket to a world of opportunities and opened doors – when your score is up, lenders view you as money-smart which leads to better loans, great interest rates, and the freedom of higher credit limits. The prime concern?

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

FICO

According to the Consumer Financial Protection Bureau (CFPB), signs of trouble are already brewing. In March 2021, the CFPB reported that over 11 million US families are behind on their mortgage or rent payments, with homeowners nearly $90 billion in arrears.

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Attention Small Business Lenders!  The CFPB is Calling on You.

FICO

On May 10, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) seeking to learn more about the small business lending market. If you are scratching your head as to why the CFPB is delving into small business lending, you are not alone. What is in the CFPB RFI? What is Section 1071 All About?