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August

25
2023
Trends

Americans Can’t Afford Their Cars Anymore

Data from TransUnion and S&P Global Mobility’s AutoCreditInsight found that account-level delinquency rates of auto loans 60+ days past due have risen 26 basis points from the first quarter of 2021’s 1.43% to 1.69% in the first quarter of 2023.

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August

25
2023
Trends

Majority of Americans Believe Credit Cards Contribute to Financial Stress

A recent survey commissioned by Affirm, a buy now, pay later financial technology company, found that most Americans believe that credit cards are a major factor in their financial strains.

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August

25
2023
Industry News

Attorney General Cameron Urges Supreme Court to Protect Veterans’ Benefits

FRANKFORT, Ky. (August 25, 2023) Attorney General Daniel Cameron joined a bipartisan coalition in filing an amicus brief before the U.S. Supreme Court in support of an Army veteran who was wrongly denied federal education be

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August

24
2023
Industry News

CFPB files opposition to preliminary injunction motion of intervenors in Texas lawsuit

The CFPB has filed its opposition to the motion for a preliminary injunction filed by the intervenors in the Texas federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The intervenors are several credit unions, community banks, and credit union and community bank trade associations.

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August

24
2023
Industry News

Plaintiffs in Kentucky lawsuit challenging CFPB final small business lending rule file motion for preliminary injunction

The Kentucky banks and Kentucky trade association that filed a lawsuit in a Kentucky federal district court challenging the CFPB’s final small business lending rule (Rule) have filed a motion for a preliminary injunction.

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