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March

18
2024
Industry News

DFI Issues Cease and Desist Order for Sigue Corporation to Halt All Money Transfers and Receipt of Funds in Washington State

OLYMPIA – The Washington State Department of Financial Institutions (DFI) issued a temporary cease and desist against Sigue Corporation (Sigue). As of Friday, March 15, 2024, Sigue is prohibited from collecting any new funds for transmission or currency exchange.

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March

18
2024
Industry News

OR lawmakers pass bill that 'changes landscape' on debt collection

Consumer advocates in Oregon are praising recently passed legislation they say changes the landscape on debt collection. Senate Bill 1595, known as the Family Financial Protection Act, gained approval from lawmakers during this year's short session.

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March

18
2024
Industry News

Payday lending reform passes Michigan Senate

The Michigan Senate voted Thursday to cap annual interest rates on payday loans at 36%. That sends the legislation to the House. Current law allows for borrowers to take out payday loans, referred to in the legislation as “deferred presentment service transactions,” for amounts up to $600.

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March

18
2024
Industry News

U.S. Foreclosure Activity Continues to See an Annual Increase

IRVINE, Calif. — March 12, 2024 ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

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March

18
2024
Industry News

CFPB’s latest overreach threatens to nationalize consumer finance – Experts4money

The notion {that a} authorities company can extra successfully decide the monetary merchandise that greatest serve customers than the free market itself is radically misguided, writes Patrick M. Brenner.

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