Responsible short-term, small-dollar loans to consumers will result in increased purchasing power, according to a paper from the American Banking Association about small-dollar lending. The Office of the Comptroller of the Currency (OCC) last week issued new guidance encouraging banks to offer those loans to...
April 07, 2024
A federal lawsuit challenging new credit card late fee limits will remain in Texas. The U.S. Court of Appeals for the Fifth Circuit ruled Friday (April 5) that the suit will be heard in Fort Worth, reversing an earlier decision by federal Judge Mark Pittman moving the case to Washington, D.C. Pittman had ruled late last month […]
