Account Recovery

DECEMBER 8, 2023

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Atlantic Union Bank regarding the institution’s procedures for enrolling customers in overdraft protection products in violation of the Electronic Funds Transfer Act, assessing a fine of $1.2

Banks 130

Banks 130

Troutman Sanders

MARCH 14, 2023

Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. The FDIC ranked “supervising risks posed by digital assets” as the third top challenge and noted that “136 FDIC-insured banks have ongoing or planned digital asset activities.”

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 6, 2023

Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. The FDIC ranked “supervising risks posed by digital assets” as the third top challenge and noted that “136 FDIC-insured banks have ongoing or planned digital asset activities.”

Financial services 52

Financial services Student loans Student Loans Loans 52