The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
Upstart's loan securitizations are performing far better than Kroll, the leading credit rating agency for marketplace lenders, had expected.
The bureau's rule-making proposal could unleash “a battle over the [collection] industry’s tactics and consumers’ rights."
The scandal-plagued bank posts better-than-expected Q1 earnings but a possible deal with regulators could reduce profit by about 20%.
Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.
Rep. Maxine Waters says Republicans are seeking to give "payday loan sharks a reprieve at the expense of hardworking Americans."
While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
The law was about micromanaging financial services rather than facilitating capital markets.
The Financial Choice Act passed the House on a party-line vote but “there is zero chance that [it] survives” in its current form in the Senate.
A draft proposal by three agencies seeks to boost cyber defenses and reduce the impact on the financial system of an attack.
Critics of the consumer protection agency welcomed the decision but the D.C. Circuit stopped short of shutting it down.
The Consumer Financial Protection Bureau says its proposal would "drastically overhaul the debt collection market."
