Among the OCC’s performance evaluations that became public in September, no banks received the regulator’s other ratings of “needs to improve” or “substantial noncompliance,” according to the release. “Under the CRA, the OCC assesses an institution’s record of meeting the ...

Former Federal Trade Commission Chair Lina Khan is escalating her argument that Washington does not need to wait for a new AI statute before holding artificial-intelligence companies accountable for consumer harm. For credit and collections firms using AI, her message ...

ANNAPOLIS, Md. — A coding error prevented Maryland from pursuing wage garnishments on three accounts totaling $846,900, according to a state audit that found collection problems repeatedly flagged since 1997. The Office of Legislative Audits’ Sept. 23 report found that ...

SINGAPORE – The founder of three debt collection companies ended up pocketing nearly $976,000 in total from two of the firms on more than 90 occasions. Separately, Farm Boon Tet, 37, also misappropriated another $280,000 in currency notes belonging to ...

Capital One is moving Discover credit card accounts onto its servicing systems, but that transition is not a blanket shutdown of Discover cards. The company is retaining the Discover brand while changing where customers log in, make payments and manage ...

Eight-year financing can lower monthly payments, but it also increases borrowing costs and exposes consumers—and lenders—to longer-lasting financial risks. For most car buyers, a 96-month auto loan is not a good idea. Although spreading payments over eight years can make ...

‘Varney & Co.’ host Stuart Varney breaks down America's $12.8 trillion wealth surge, Wall Street's role in the gains and how stocks have transformed household wealth. Pool and spa service provider Leslie's Inc. announced this week that it entered into ...

Proposals to expand banks’ ability to share confidential supervisory information could weaken examiners’ effectiveness and put depositor protections at risk, Better Markets warned Monday in announcing its opposition to the changes under consideration by the Federal Deposit Insurance Corporation and ...

Upstart Holdings UPST is expanding its credit union network through a partnership with Credit Union of Denver. Colorado's oldest state-chartered credit union, founded in 1931, aims to make affordable personal loans more accessible through Upstart's AI-powered digital lending marketplace. Credit ...