Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices. more »
MARKET-BASED CASE: Some regulations may "take away some of the choices for consumers," whether in small-dollar credits or private student loans, said Tim Wennes of MUFG Union Bank, who is the incoming chairman of the Consumer Bankers Association.
Tim Wennes began a one-year term as chairman of the Consumer Bankers Association this week. In an interview with American Banker, he spoke about the need for an open dialogue with the CFPB and made clear the association is prepared to fight regulatory initiatives in areas such as private student loans. more »