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December

15
2022
Industry News

Michigan credit union to acquire Florida bank in year’s 13th such tie-up

Grand Blanc, Michigan-based Dort Financial Credit Union has agreed to acquire West Palm Beach, Florida-based Flagler Bank, the companies announced Monday.

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December

15
2022
Trends

Mortgage rates drop for fifth week in a row

Washington, DC CNN — Mortgage rates fell once again this week, dipping for the fifth straight week.

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December

15
2022
Industry News

Attorney General Bonta Files Friend-of-the-Court Brief in Defense of CFPB Funding Structure, Enforcement Authority

OAKLAND – California Attorney General Rob Bonta, as part of a coalition of 22 attorneys general, filed an amicus brief in the U.S. Supreme Court in support of the Consumer Financial Protection Bureau’s (CFPB) petition for review of a Fifth Circuit decision finding that the agency’s funding mechanism is unconstitutional.

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December

15
2022
Industry News

CFPB Proposed Rule Aims to Publicly Identify Companies Facing Enforcement Actions

The Consumer Financial Protection Bureau has added a proposed rule to its list for 2022 that would require certain nonbank covered entities, including debt collectors, to register with the bureau “when they become subject to certain local, state, or federal consumer protection agency or court orders.”

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December

15
2022
Trends

U.S. consumer loan delinquencies seen surging to 13-year high in 2023 - study

NEW YORK, Dec 14 (Reuters) - U.S. consumers will fall behind on their personal loan and credit card payments next year at the highest rates since 2010, according to forecasts from TransUnion, a major consumer credit rating agency.

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