Overdraft fees are never fun, but unfortunately, they’re something many bank customers have dealt with. We all know it’s best to pay them back as soon as possible, but what happens if they keep piling up and you never deal with them?
SACRAMENTO, Calif.--(BUSINESS WIRE)--Cross River Bank (“Cross River”), a leading technology infrastructure provider that offers embedded financial solutions, yesterday joined with California State Senator Monique Limón (D-CA), Assemblyman Tim Grayson (D-Concord), the Department of Financial Protection and Innovation (DFPI) and Tom Curran, Chief Risk and Compliance Officer at one of Cross River’s innovative partners, Upgrade, to discuss California’s consumer lending landscape, how AB539 sets the parameters for responsible lending, and how responsible bank-fintech partnership model propels innovation, protects consumers, and expands access to credit and financial inclusion.
The Federal Trade Commission (FTC) is taking action against Stratics Networks, a company that allegedly provided the technology for telemarketers to make tens of millions of illegal robocalls. The company's services were used to promote offers for credit card and student debt relief, home buying, health insurance, cable TV discounts, and for telemarketers playing on concerns about the COVID-19 pandemic.
The FTC and FCC issued robocall enforcements, including notices to voice service providers. The FCC also expanded its robocall enforcement partnership with the states.
Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC has learned.
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