Credit Grantors News

Collections & Recovery

A credit grantor is any individual or business that extends credit to customers. The credit can be for other businesses or consumers and can come in many forms, such as closed-end loans (like auto loans, mortgages, and student loans), revolving loans (like credit cards or certain home equity loans), or a hybrid of the two. Some credit is backed by property or assets. In the U.S., the primary credit grantors are large commercial banks and credit unions. But credit is also extended by small businesses, governments, and other organizations.

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insideARM Weekly Recap - Week of October 7th, 2024

14 October 2024

Case in which CFPB came to financial institutions’ defense dismissed

9 October 2024

insideARM Weekly Recap - Week of September 2nd, 2024

9 September 2024

GOP pens letter to CFPB on medical debt credit proposal

5 September 2024

BNPL Accounts = Credit Cards Says CFPB

22 May 2024

California DFPI’s Proposed EWA Legislation Rejected by Office of Administrative Law

15 May 2024

Late Fee Rule Halted by TX Court

13 May 2024

CFPB and Plaintiffs Fully Brief Motion for Preliminary Injunction in Trade Group Lawsuit Regarding Final Credit Card Late Fee Rule

19 March 2024

CBA “Checks the Math” on Recent CFPB Credit Card Report Finding Large Bank Issuers Charge Higher Interest Rates Than Smaller Issuers

12 March 2024

CFPB Releases Final Credit Card Late Fee Rule; Slashes Fees to $8

5 March 2024

Appeals Court Could Overturn Credit Card Dispute Provisions For All Issuers

4 December 2023

CFPB Report Reveals High Credit Card Costs, Growing Debt, and Digital Shifts led to Consumers’ Revolving Debts in 2022

9 November 2023

In the Wake of the Demise of Silicon Valley Bank and Signature Bank: What Fintechs, Private Equity, and Banks Need To Know

13 April 2023

CFPB Files Complaint Against Online Lender Alleging MLA Violations

18 October 2022

A Guide to Building a Robust Vendor Management Program in Collections

6 October 2022

CFPB Signals Increased Scrutiny of Credit Card Industry Interest Rates

6 September 2022

Banking Groups Challenge CFPB’s RFI on Customer Service

1 September 2022

4 Vendor Management Best Practices for Collections and Recovery

18 August 2022

NY DFS to Focus on Equitable Access to Banking, Innovation

12 July 2022

Simplification and Possible Registration of Nonbanks on CFPB Rulemaking Table

6 July 2022