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Kraninger Testimony Before Senate Banking Committee Focuses on Data Privacy, CFPB Structure, Student Loans, Military Lending Act, and Payday Lending Rule

This morning, Consumer Financial Protection Bureau (CFPB or Bureau) Director Kathy Kraninger testified before the Senate Committee on Banking, Housing, and Urban Affairs about the Bureau’s semi-annual report to Congress. The hearing focused on similar topics covered by the last week’s House Financial Services Committee Hearing where Kraninger was also questioned. Below is a summary of some of the topics covered.

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First Party Summit early-bird pricing ends this week!

The First Party Summit is back - June 17-19. Meet future partners, learn from early adopters and explore emerging solutions at the Summit. It’s the industry’s premiere event for execs who need to crack the unique challenges of first party collections, outsourcing and customer care. Early bird discounts are now in effect. Click here to register and save $100 off of full price registration.

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An Inconvenient Truth About Convenience Fees

The terms convenience fee, processing fee, administrative fee and payment fee all refer to a charge to the consumer for making a certain type of payment. Such a fee is most commonly associated with a debit card or credit card payment but can also be used to describe a bank account transfer or even a paper pay-by-phone check. For purposes of this article, the term “convenience fee” will be used in connection with a charge to the consumer for initiating or authorizing a credit card or debit card payment transaction. This article does not address state surcharge or cash discount laws.

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The First Party Summit - A New Kind of Conference

17 June 2019 at 06:00 p.m.

The industry's first-ever and only Summit focused totally on the unique challenges of First Party Collections, Outsourcing, and Customer Care.

Event Details »


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