CFPB Sues ACE Cash Express for Concealing No-Cost Repayment Plans and Improperly Withdrawing Consumers’ Funds

CFPB Sues ACE Cash Express for Concealing No-Cost Repayment Plans and Improperly Withdrawing Consumers’ Funds

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans. These practices

Governor Lamont Announces Oasis Pro Markets Plans Expansion in Connecticut

Governor Lamont Announces Oasis Pro Markets Plans Expansion in Connecticut

Press Releases 07/07/2022 Governor Lamont Announces Oasis Pro Markets Plans Expansion in Connecticut (HARTFORD, CT) – Governor Ned Lamont today announced that Oasis Pro Markets, a fast-growing fintech firm, is planning an expansion project in Connecticut that will include the creation of 91 new jobs in the state over the next four years. The

Economic fears further retirees’ pandemic-era plans to keep working

Economic fears further retirees’ pandemic-era plans to keep working

Yacobchuk | Istock | Getty Images What is retirement? When does it start? And how has Covid-19 affected Americans’ retirement plans? An ongoing survey of U.S. retirees and near-retirees suggests there’s a wide range of opinions on these fundamental questions and a rapidly changing perspective on what retirement will look like in the future. Last

UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

Operational resilience is a priority for the regulators of financial services in the UK. It is prominent in both the Prudential Regulation Authority’s (PRA) and the Financial Conduct Authority’s (FCA) business plans. Over the last year, the UK financial services industry has been busy implementing their regulators’ new operational resilience framework[1]; identifying and mapping important