California Says Earned-Wage Access Subject to State Lending Law
California will treat products that allow people to collect portions of their paychecks early as loans subject to the state’s ...
JD Supra5h
DOJ settles with credit union in redlining action
On October 10, the DOJ announced its first redlining settlement against a credit union. The credit union agreed to pay over $6.5 million to ...
Manila Bulletin2d
GCash partners with It's Showtime to bring fun, prizes, and financial access to barangays
During the Barangay GCash segment of It's Showtime, lucky residents shared their personal experiences and received prizes ...
Big blow to Flipkart founder Sachin Bansal as his Navi app banned from disbursing loan due to….
Navi Finserv, the digital lending platform of Flipkart founder Sachin Bansal, along with three other financial service ...
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
RBI NBFCs lending practices Morgan Stanley Asirvad Microfinance Fair Practices Code microfinance institutions Shaktikanta Das ...
RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations
The RBI has barred Navi Finserv, DMI, Asirvad, and Arohan from issuing new loans, citing excessive interest rates and ...
How Pittsburgh banks are addressing lending disparities
The study found that while, as expected, local mortgage applications fell as interest rates rose, denial rates for all ...
nationalmortgageprofessional.com6d
CFPB, DOJ Flag Fairway Independent For Redlining
Fairway Independent Mortgage Corp. (Fairway) settled yesterday with the Consumer Financial Protection Bureau (CFPB) and the U ...
Alabama Political Reporter6d
Justice Department secures $8M to address redlining in Black communities in Birmingham
Redlining is an illegal practice by which lenders avoid providing credit services to individuals living in communities of ...