WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today sued the online lending platform SoLo Funds for deceiving borrowers about the total cost of loans. The CFPB alleges that SoLo markets itself as a consumer-friendly alternative to high-cost, short-term loans.
On May 15, 2024, the Federal Trade Commission Chair Lina M. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Governmentto discuss the agency’s FY 2025 budget request and ongoing work to promote open, competitive markets and protect American consumers and businesses from fraud.
CHICAGO, May 16, 2024 /PRNewswire/ -- Alliant Credit Union, one of the largest credit unions in the nation, announces the launch of SBL Edge, a lending platform designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors.
TYSONS, Va., May 16, 2024 /PRNewswire/ -- PenFed Credit Union, the nation's second-largest federal credit union, highlighted its continued success in further increasing deposits, liquidity and capital in 2023 and the incredible value PenFed provides to the community at its 2024 annual meeting.
Today, Federal Trade Commission Chair Lina M. Khan announced that an open meeting of the Commission will be held virtually on Thursday, May 23, 2024. The open meeting will commence at 1 pm ET and will begin with time for members of the public to address the Commission.
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