CORDRAY BARELY MENTIONS DEBT COLLECTION DURING SPEECH TO BANKERS
- Speaking during the annual conference of the Consumer Bankers Association, Richard Cordray, the director of the Consumer Financial Protection Bureau, barely touched on the topic of debt collection, including the proposed rule that his agency is supposed to be working on. Cordray mentioned several other rules that the CFPB is working on instead of talking about debt collection.
CREDIT CARD NUMBERS CONTINUE TO GROW
- The number of new credit card accounts increased 16% in third quarter of 2015, compared with the same period a year earlier, topping out at nearly 80 million accounts nationwide. Credit card issuers continued to give more cards to subprime consumers, albeit with lower credit lines, according to data published by the American Bankers Association.
WORTH NOTING: Why not to worry about an auto loan bubble … 139 Jos. A Bank stores are closing … Why it’s a good time to refinance your mortgage … How to gain momentum when you are feeling stuck … An interesting question: do bonuses hurt productivity? … “Hilariously” bad texts that people have sent to their exes … Why Americans are so angry in 2016 … A look at the Navy’s new $13 billion aircraft carrier … The world’s most ethical companies … Home renovations that give you the most bang for your buck … Even if he was being sarcastic, this probably wasn’t a smart thing to say.
How to get a free ride on a private jet
A youth football league is being sued after a former player committed suicide
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