CFPB's credit card late-fee rule on shaky ground; Hanmi looks to Seoul; Google sues CFPB

CFPB's credit card late-fee rule on shaky ground; Hanmi looks to Seoul; Google sues CFPB

Judge strikes blow to CFPB's $8 credit card late-fee rule: U.S. District Judge Mark T. Pittman wrote that trade groups that sued the Consumer Financial Protection Bureau earlier this year "are likely to succeed on the merits" of the case.


Hanmi seeks higher profile in Seoul to drive U.S. growth: Banking South Korean companies has become a major pillar of the Los Angeles-based Hanmi's balance sheet, with a portfolio of loans approaching $1 billion.


Google sues CFPB, challenges oversight of retired product: The company said the P2P payment service the bureau seeks to supervise presents no risk to consumers because it is no longer offered in the U.S.


Consumer group urges FDIC to publicly release failed-bank probes: Americans for Financial Reform wants investigations into the directors and executives of Silicon Valley Bank, Signature Bank and First Republic Bank released before the Jan. 20 inauguration.


4 reasons banks are unlikely to make Synapse end users whole: Customers of fintechs affected by Synapse's bankruptcy have been waiting since May for money they had in their accounts, and $65 million to $85 million still appears to be missing.

CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

4d

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