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October

25
2022
Industry News

Education Department Announces Permanent Improvements to the Public Service Loan Forgiveness Program and One-time payment Count Adjustment to Bring Borrowers Closer to Forgiveness

Today, the U.S. Department of Education (Department) announced one-time executive actions that will bring most loans managed by the Department closer to forgiveness, including credit toward the Public Service Loan Forgiveness (PSLF) Program for borrowers who have qualifying employment. This action will coincide with the July 2023 implementation of permanent fixes to PSLF through regulation.

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October

25
2022
Industry News

CFPB Funding Decision Is Grist for Agency Enforcement Fights

A Fifth Circuit ruling that the Consumer Financial Protection Bureau’s funding structure is unconstitutional is rapidly turning into an enforcement headache for the agency.

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October

25
2022
Industry News

Director Chopra’s Prepared Remarks at Money 20/20

Around the world and here at home, financial services are slowly moving toward open banking and open finance. A more decentralized and neutral consumer financial market structure has the potential to reshape how companies compete in the sphere.

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October

25
2022
Compliance

PCI Compliance Guide and Checklist

The PCI Security Standards Council (SSC) was started in 2006 by American Express, Discover, JCB, Mastercard and Visa with the goal of minimizing fraud and improving transaction security for the payment card industry. The SSC defines, implements, and maintains the Payment Card Industry Data Security Standard (PCI DSS).

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October

24
2022
Industry News

Consumers who were charged illegal fees by Howard Law, P.C. will receive compensation

If you paid a fee to Howard Law, P.C. on or after January 30, 2014, you may be entitled to a payment because of a federal lawsuit. In January 2017, the CFPB sued a ring of law firms and attorneys (Vincent Howard, Lawrence Williamson, Howard Law, P.C., The Williamson Law Firm, LLC, and Williamson & Howard, LLP), who collaborated to charge illegal fees to struggling consumers seeking debt relief. Learn more about the lawsuit.

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