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CFPB - Banking Exchange
Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service
The banking and credit sector continues to attract the highest number of complaints
By increasing competition and choice, the rule aims to lower loan prices and improve customer service
As BBVA looks to takeover Sabadell, the bank’s chair said oligopolies are bad for clients
Consumer protection law enforcers will now require banks to show evidence of opt-in agreements
The federal judge rejected the challenge, which was backed by the American Bankers Association
Overriding regulation would prevent confusion and relieve banks from overlapping requirements
The financial services industry would be wise to take notice
Shifting risk composition caused greater risk credit cards to be issued
Gen Z faces financial dependence with 52% not earning enough for their desired lifestyle
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