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October

30
2023
Industry News

AG Ferguson: Court shuts down websites of companies that targeted small businesses with deceptive messages

SEATTLE — Attorney General Bob Ferguson announced today he won a court order to shut down the websites and suspend the internet domains of two businesses and their owner that sent hundreds of thousands of deceptive texts and emails targeting Washington businesses and nonprofits

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October

30
2023
Industry News

CFPB Issues Biennial CARD Act Report to Congress

On October 25, 2023, the Consumer Financial Protection Bureau (CFPB) released its sixth consumer credit card market biennial report to Congress as required under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act). The report focuses on industry market dynamics, use of credit, cost of credit, availability of credit, and issuer practices.

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October

30
2023
Industry News

FTC Sends Nearly $100 Million in Refunds to Vonage Consumers Who Were Trapped in Subscriptions By Dark Patterns and Junk Fees

The Federal Trade Commission is sending nearly $100 million in refunds to consumers who lost money as a result of internet phone service provider Vonage imposing junk fees and creating obstacles to those who try to cancel their service.

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October

27
2023
Industry News

U.S. Bank claims spot in the BNPL space

LAS VEGAS — U.S. Bank stepped into the buy now, pay later space Tuesday with the launch of Avvance, a new point-of-sale lending product.

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October

27
2023
Industry News

US Serious Mortgage Delinquency Rate Drops to All-Time Low in August, CoreLogic Reports

IRVINE, Calif., October 26, 2023CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for August 2023.

In August 2023, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023.

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