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May

16
2023
Industry News

AG HENRY SECURES $11 MILLION SETTLEMENT WITH PREDATORY RENT-TO-OWN LENDER THAT TARGETED LOW-INCOME BORROWERS

HARRISBURG– Attorney General Michelle Henry today announced a settlement of a lawsuit filed against Snap Finance LLC and its affiliates for $11.4 million.

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May

16
2023
Industry News

Attorney General Bonta Files Multistate Amicus Brief in Defense of CFPB

OAKLAND California Attorney General Rob Bonta, as part of a coalition of 24 attorneys general, filed an amicus brief in the U.S. Supreme Court in support of the Consumer Financial Protection Bureau (CFPB). In their amicus brief, the attorneys general support the CFPB’s contention that the agency’s funding structure is constitutional and argue that the court should not invalidate the CFPB’s past and ongoing regulatory and enforcement actions even if it determines that the agency’s current funding structure is not constitutional.

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May

16
2023
Trends

Today's mortgage rates rise, but 10- and 15-year terms stay below 6% | May 16, 2023

Based on data compiled by Credible, mortgage rates for home purchases are mixed, with two key rates rising, one falling and another remaining unchanged since yesterday.

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May

16
2023
Industry News

New Washington state law should mean fewer spam robocalls

A new Washington state law will make it easier to sue scammers who engage in illegal robocalling — and hold cell phone providers accountable if they knowingly allow the scam calls on their networks.

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May

16
2023
Industry News

FTC Sends More than $3.3 Million to Consumers Harmed by Passport Auto’s Illegal Junk Fees and Discriminatory Practices

The Federal Trade Commission is sending payments totaling more than $3.3 million to customers of Passport Auto, a Washington D.C.-area auto dealer. In October 2022, the FTC charged Passport with adding hundreds, or even thousands, of dollars in illegal junk fees to car prices and for discriminating against Black and Latino consumers by charging them higher fees and financing costs.

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