Existing metrics for assessing competition need updating in order to keep bank merger and acquisition rules fit for purpose, the Office for the Comptroller of the Currency has said.
The U.S. Federal Trade Commission (FTC) says Americans once again reported record losses of $1.3 billion to romance scams in 2022, with median losses of $4,400.
NEW YORK/DETROIT (Reuters) - GMAC Financial Services said it will resume making car and truck loans to subprime borrowers and will lower inventory financing costs for cash-strapped auto dealers, part of a series of moves intended to spur sales at General Motors Corp.
The U.S. Court of Appeals for the Ninth Circuit recently vacated an $8 million judgment it had obtained against a mortgage service telemarketer so that the district court can consider the Fifth Circuit’s opinion in Community Financial Services Association of America, Ltd. v. CFPB, 51 F.4th 616 (5th Cir. 2022).
BOSTON — Attorney General Andrea Joy Campbell today announced that her office has reached a $6.5 million settlement, including $4.7 million in debt relief, with a Connecticut-based home security services company and its CEO to resolve allegations that they violated state consumer protection laws by deceptively trapping Massachusetts consumers in long-term auto renewal contracts and engaging in illegal debt collection practices. The settlement builds on AG Campbell’s commitment to build economic stability for residents by holding accountable those who engage in predatory business practices.
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