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August

21
2023
Trends

Auto loan rejections reach all-time high, Fed says

Drivers get denied auto loans for a number of reasons, including a low credit score, application mistakes or a short credit history. No matter the reason, rejection can make getting behind the wheel of a vehicle challenging.

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August

18
2023
Trends

Here’s why Americans can’t stop living paycheck to paycheck

For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over.

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August

18
2023
Industry News

Texas federal court grants motion of community bank and community bank trade groups for leave to intervene

Two new developments occurred recently in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule). First, the Texas federal district court granted the unopposed emergency motion of Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) seeking leave to intervene in the lawsuit.

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August

18
2023
Industry News

Senators Request Updated Guidance From FCC On TCPA Consent

On August 7, 2023, twelve United States senators penned a letter to the Federal Communications Commission (“FCC” or the “Commission”) requesting that the Commission issue guidance on current Telephone Consumer Privacy Act (“TCPA”) consent regulations (the “Letter”).

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August

18
2023
Industry News

Recovering financially from the Hawaii wildfires

This month, the Hawaiian island of Maui was affected by wildfires that devastated thousands of acres and affected tens of thousands of people. Recovering from a deadly event like this one can feel overwhelming. It’s not always easy to know where to turn for help and what steps to take.

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