Online payday lenders operate a Wild West marketplace full of financial fraud and consumer abuses, according to a new report released by the Pew Charitable Trusts. more »
BANKS' LIABILITY: "It is not a stretch to be concerned that the CFPB would impute liability on" banks for the actions of their debt collectors, said banking attorney Caren Enloe.
Just when it seemed that some banks might be putting their legal woes behind them, another threat has emerged that could involve the entire industry debt- collections litigation. more »