Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses.
A recent PYMNTS Intelligence report, “The State of Digital Lending Readiness,” shed light on the varying degrees to which banks are equipped to handle lending in the digital age.
In a lengthy decision that highlighted the CFPB’s very public efforts to dismantle the CFPB from within, the District Court for the District of Columbia granted a motion for preliminary injunction designed to preserve the CFPB pending litigation on the merits with the National Treasury Employees Union (NTEU).
Oregon consumers submitted more than 100 privacy complaints to the state’s justice department within six months of the Oregon Consumer Privacy Act (OCPA) taking effect, and businesses subject to the new law need to take note. A new report, released by Attorney General Dan Rayfield on March 7, identifies the top issues driving the complaints and enforcement actions. The good news?
The Conference of State Bank Supervisors (CSBS), a nationwide organization of state banking and financial regulators from all 50 states, the District of Columbia, and U.S. territories, has raised significant concerns regarding the current draft of the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.
The two Democratic FTC members who were fired by President Trump have filed suit in federal court challenging their dismissal.
Alvaro Bedoya and Rebecca Slaughter filed suit in U.S. District Court for the District of Columbia contending that their dismissals were illegal since the FTC is supposed to be an independent agency. They said that Trump’s decision was in direct violation of federal law and Supreme Court precedent.
.jpg)
.jpg)