New York Attorney General Letitia James has sued payday lenders MoneyLion Inc. and DailyPay Inc. in New York state court, alleging that the two companies took advantage of tens of thousands of New Yorkers.
The last decade has seen a dizzying acceleration in digital banking innovation. From slick mobile-first challenger banks to the sprawling networks of national giants, competition for consumer attention (and wallet share) has never been fiercer.
On April 16, attorneys general from seven states and a state agency announced that they were forming the Consortium of Privacy Regulators, a new effort to better protect consumers’ privacy.
Washington state has taken a major step toward protecting consumers from the harmful effects of medical debt. This week, Governor Bob Ferguson signed Senate Bill 5480 into law, introducing new safeguards around how medical debt is defined and reported.
This week, a judge will hear testimony that could determine the future of the CFPB.
The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President Donald Trump’s administration pushing to cut 90% of its staff.
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