On March 10, 2025, the CFPB informed the U.S. District Court for the Northern District of Texas that it will proceed with ...

On March 1, and despite recent policy shifts under the new administration, the CFPB sent a letter to the judge overseeing its ...

The lawsuit alleges that the lender violated the MLA and a 2013 administrative consent order by issuing loans to military service members with interest rates exceeding the MLA’s 36% cap ...

Democrat Alexandria Ocasio-Cortez and Republican Anna Paulina Luna teamed up to introduce a bill to limit credit card APRs at ...

On March 10, the CFPB submitted a status report to the U.S. District Court for the Northern District of Texas advising it will continue to pursue ...

Usury laws set limits on the amount of interest lenders can charge on loans and are typically set at the state level. There ...

the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA). The protections vary between the two. But the important difference—especially when applying for American Express ...

Jim Ganther, CEO of Mosaic Compliance Services, discusses the decision to strike down the FTC's CARS rule and its implications for dealers.

Many card issuers waive annual fees and cap other charges for active-duty service members, thanks to the Service Members Civil Relief Act (SCRA) and the Military Lending Act (MLA). Eligible ...

There is no federal law regarding maximum credit card interest rates, however, laws do exist at the state level. Here's what ...

If you are an active duty service member applying for a new credit card, you’ll be covered under the Military Lending Act (MLA). The MLA places a cap of 36% military annual percentage rate (MAPR).

An executive order from the president would slash funding for a program relied on by community entrepreneurs and strongly ...