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September

14
2023
Trends

Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank

In the report “Credit Union Membership and Credit Profiles,” PYMNTS leverages insights gathered from a survey of over 4,000 U.S. consumers and 100 credit union (CU) executives to examine consumers’ interest in alternate and innovative payment methods from their financial institutions (FIs).

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September

14
2023
Industry News

California Attorney General Urges Regulations on Medical Payment Products

Federal agencies, including the CFPB, are considering the regulations and closed public comments this week.

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September

14
2023
Trends

Bankruptcy Filings Soar in 2023

Most recently, there were 634 commercial Chapter 11 filings in August, a 54% leap from 411 such filings in August 2022, according to Epiq Bankruptcy, a provider of U.S. bankruptcy filing information, which released the new data last week.

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September

14
2023
Industry News

Attorney General Phil Weiser announces settlement after parking company illegally charged, collected fines from hundreds of consumers

Aug. 30, 2023 (DENVER)— Attorney General Phil Weiser announced today a settlement reached between his office and Parking Revenue Recovery Services, Inc. (PRRS) after an investigation found the Aurora-based company illegally collected or attempted to collect on fines for parking that was already paid for or were incurred by another vehicle owner.

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September

14
2023
Industry News

Farm credit trade associations file motion seeking to intervene in Texas lawsuit challenging CFPB small business lending rule

Last week, three farm credit trade associations filed the latest in a series of unopposed emergency motions for leave to intervene in the Texas case challenging the Consumer Financial Protection Bureau’s (“CFPB”) final small business lending rule implementing Section 1071 of the Dodd-Frank Act (Rule).

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