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October

11
2023
Industry News

Prepared Remarks of CFPB Director Rohit Chopra on a Press Call on Junk Fees

Americans are willing to pay a competitive price for great products, because that’s how a fair economy works. And when companies focus on competing, rather than cheating, everyone wins.

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October

10
2023
Industry News

GoWest member credit unions raise $1.2M for CMN Hospitals

Credit union leaders collaborated to raise $1.2 million for 11 Children’s Miracle Network Hospitals during the “The Totally Awesome CU4Kids Auction & 80’s Prom Bash” held in Spokane Oct. 4, as part of the GoWest Credit Union Association's annual MAXX Convention.

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October

10
2023
Industry News

Pennycuick Measure Providing Free Credit Monitoring for Data Breach Victims Approved by Senate

HARRISBURG – The state Senate today approved bipartisan legislation sponsored by Sen. Tracy Pennycuick (R-24) to strengthen notification requirements for data breaches and provide affected citizens with free credit monitoring and a credit report.

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October

10
2023
Industry News

Small Business Loan Approvals Slid at Big Banks, Rose at Other Lenders in September: Biz2Credit Small Business Lending Index™

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10 billion+ in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index™ released today. Big bank lending to small businesses has dipped every month since June 2022.

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October

10
2023
Industry News

CFPB shares concerns and actions regarding medical debt collection

On October 4, Seth Froman, the CFPB’s General Counsel and senior advisor to Director Chopra, delivered remarks at the New Jersey Citizen Action Education Fund’s Financial Justice Summit. He heralded the work and mission of the CFPB, and focused on the impact of medical debt.

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