A Henderson City councilman’s payday loan business is under scrutiny in federal court, after two class action lawsuits alleged its lending license through a Native American tribe helped it offer loans with interest rates above 700 percent, recent court records show.
The FCC's Enforcement Bureau and Illinois Attorney General's office signed a Memorandum of Understanding to establish critical information sharing and cooperation structures to investigate spoofing and robocalls scam campaigns.
On February 16, the Department of Justice (DOJ), on behalf of the Federal Trade Commission (FTC), filed a complaint against multiple entities and individuals, including outbound calling service provider Stratics Networks Inc. (Stratics) for allegedly providing outbound calling services that enabled certain individuals and entities to route millions of ringless voicemail (RVM) robocalls in violation of the Telemarketing Sales Rule (TSR).
The Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (collectively, the agencies) are issuing this statement on the liquidity risks to banking organizations presented by certain sources of funding from crypto-asset related entities.
The auto finance market has seen significant change over the past two years. Car prices have risen substantially, leading to larger loan amounts and higher monthly payments. These more expensive loans are beginning to have an impact on consumer and household financial stability.
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