Financial Services, Insurance & Reinsurance – the latest on CFPB debt collection, world bank report chart and more.
On November 6, the CFPB
announced an
advance notice of proposed rulemaking (ANPR) to solicit input on a wide array of issues related to consumer protection in the debt collection market. With the release of the ANPR, the CFPB also announced the publication of approximately 5,000 debt collection complaints in its consumer complaint database… [
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The Ohio Supreme Court ruled last week that a class-action lawsuit alleging that an insurance company did not disclose the option to replace damaged windshields to its policyholders does not meet the legal requirements for a class action… [
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Low-income populations benefit the most from technological innovations such as mobile payments, mobile banking, and borrower identification based on fingerprinting and iris scans, according to a new World Bank Group report.
That’s because those innovations make financial services cheaper and easier to access for the poor, women, and rural residents, especially those living in remote, less populated regions without brick-and-mortar bank branches, according to the report,
Global Financial Development Report 2014: Financial Inclusion… [
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