Many have been shackled by overwhelming credit card debts simply because their monthly expenses are much more than they earn. Credit card holders can go on a shopping spree without the present funds to make payments.
The coalition submitted a letter to Congress against the legislation citing its harm to businesses and consumer communication while supporting efforts to stop bad actors making illegal calls.
Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud.
On February 9, 2024, the Commissioner of the California Department of Financial Protection and Innovation (“DFPI” or “Department”) announced a proposed rulemaking limited to certain requirements related to reporting and assessments under the Debt Collection Licensing Act (“DCLA”).
Recently, there has been growing interest in bank mergers and how regulators and law enforcement are reviewing them. In the past eighteen months, we saw some significant transactions abandoned, including the proposed tie-up between State Street and Brown Brothers Harriman, as well as TD Bank’s proposed acquisition of First Horizon.
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