Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently announced that it will extend its supervisory authority to include installment lender World Acceptance. This move marks a critical step …
Consumer Financial Protection Bureau Asserts Supervisory Authority Over Installment Lender World Acceptance Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB), the federal agency responsible for protecting consumers in the financial sector, has issued a procedural rule that revamps the appeals process …
CFPB Overhauls Appeals Process, Enabling Broader Oversight and Dispute Resolution Read More
WASHINGTON, D.C. — The Federal Financial Institutions Examination Council (FFIEC) has issued a statement of principles aimed at addressing potential discrimination and bias in residential property valuation practices. This move …
FFIEC Issues Principles to Address Valuation Discrimination and Bias in Residential Lending Read More
OAKS, PA — SEI Trust Company, a subsidiary of SEI Investments Company (NASDAQ: SEIC), is affirming the increasing appeal of collective investment trusts (CITs) for global asset managers. They have …
SEI Trust Company to Serve as Trustee for Pictet Asset Management’s U.S. CITs Read More
HARRISBURG, PA — Governor Josh Shapiro has kick-started a new initiative to support small diverse businesses across Pennsylvania with a total of $10.5 million in federal funding via the American …
Gov. Shapiro Announces $10.5M in Grants for Pennsylvania’s Small Diverse Businesses Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has now taken a bold stance, recently proposing a new rule that may revolutionize the approach of banks and financial institutions …
CFPB Proposes Game-Changing Rule on Bank NSF Fees Read More
FORT WASHINGTON, PA — Newrez, a prominent player in the financial services sector, has unveiled its latest initiative, RezFund. This Affordable Lending program is designed to dismantle financial barriers for …
Newrez Launches RezFund, Aims to Bridge Homeownership Gap in Metropolitan Areas Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a groundbreaking move to confront the rising overdraft fees that are emptying the wallets of consumers and filling the …
Proposed CFPB Rule Could Save Billions for Americans: An Insight into Overdraft Fees’ Loophole Read More A recent report by the Consumer Financial Protection Bureau (CFPB) has unveiled concerning details about college-sponsored financial products. The study found that many of these products, often recommended to students …
College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals Read More
The Consumer Financial Protection Bureau (CFPB) has ordered U.S. Bank to pay nearly $21 million after it prevented out-of-work consumers from accessing their unemployment benefits during the COVID-19 pandemic peak. …
U.S. Bank Ordered to Pay $21 Million for Blocking Unemployed Consumers from Accessing Benefits Read More