Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently issued new guidance aimed at preventing banks from levying overdraft fees without clear consumer consent. This move targets the practice …
Cracking Down on Phantom Fees: CFPB Moves to Protect Consumers from Unseen Overdraft Costs! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has mandated TD Bank to pay a total of $7.76 million in redress to tens of thousands of affected consumers, in …
TD Bank Hit with Multi-Million Dollar Penalty for Misleading Consumer Reports – Find Out What Happened! Read More
WASHINGTON, D.C. — A recent report by the Consumer Financial Protection Bureau (CFPB) highlights a growing concern over cash-back fees imposed by large retail stores on American consumers. These fees, …
Are You Paying Hidden Fees? The Truth About Cash-Back Costs at Big Retailers! Read More
PHILADELPHIA, PA — LevLane Advertising has unveiled the findings of its “2024 Future of Banking Survey,” shedding light on generational differences in banking preferences. The survey, conducted with 500 U.S. …
Survey Reveals: Banking Preferences Across Generations – A Deep Dive Read More
WASHINGTON, D.C. — In the world of banking, another scandal unfolds as the Consumer Financial Protection Bureau (CFPB) brings the hammer down on Fifth Third Bank. The bank, with an …
Fifth Third Bank Racked with $20M Fine for Illegal Practices Read More
HARRISBURG, PA — Attorney General Michelle Henry announced a settlement this week with SoLo Funds, Inc., a California-based lending platform accused of deceptive practices that misled borrowers into paying inflated …
Pennsylvania Attorney General Settles with SoLo Funds Over Deceptive Loan Practices Read More
HARRISBURG, PA — A group of bright students from the Commonwealth University of Pennsylvania recently clinched first place in the highly competitive Conference of State Bank Supervisors (CSBS) 2024 Community …
Pennsylvania Students Shine in National Community Bank Case Study Competition Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule defining the qualifications for recognized industry standard-setting bodies. These bodies will issue standards that companies can use …
CFPB Finalizes Rule to Ensure Fair Industry Standards in Open Banking Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently issued a strong warning against using unlawful or unenforceable terms in contracts for consumer financial products. This move targets companies …
CFPB Warns Against Unlawful Fine Print in Consumer Contracts Read More
EXTON, PA — Automated Financial Systems, Inc. (AFS®) has announced updates on its RMA Credit Risk Navigator (CRN), a tool that helps banks benchmark loan performance, credit quality, and manage …
AFS Enhances Credit Risk Management with New Clients and Upgraded Tools Read More