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August

2
2023
Industry News

SBA to Debut Changes to Boost Small Business Access to Credit

Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1)

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August

2
2023
Industry News

Washington Becomes Latest State to Decide Bankruptcy Impact on Debt Collection Statute of Limitations

In April, we discussed how Colorado’s state supreme court issued its highly anticipated decision confirming a borrower’s bankruptcy discharge does not accelerate secured installment debt or trigger the final statute of limitations period to recover the debt. Now, Washington’s high court has rendered its decisions on the topic, joining the handful of states to address this trending issue.

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August

2
2023
Industry News

NAFCU, CUNA agree to merge

Jim Nussle, CUNA’s CEO, will serve as top executive of the new organization, America’s Credit Unions, which will start operating by early 2025, according to a statement Tuesday.

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August

1
2023
Industry News

California agency probes automakers data privacy practices

WASHINGTON (Reuters) -A California state agency on Monday said it is reviewing the privacy practices of automakers and vehicle technology companies amid concerns about the growing volume of data collected by cars.

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August

1
2023
Trends

CFPB Summer 2023 Supervisory Highlights looks at auto origination and servicing and more

The CFPB has released the Summer 2023 edition of Supervisory Highlights. The report discusses the Bureau’s examinations in the areas of auto origination and servicing, consumer reporting, debt collection, deposits, mortgage origination and servicing, and payday and small dollar lending, that were completed from July 1, 2022 to March 31, 2023.

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