Tag: draws

CFPB’s Small-Business Lending Data Collection Rule Draws Community Bank Criticism

September 16, 2020 at 3:45 pm ET

The way in which many small banks could be required to report small-business loan data on minority- and women-owned businesses is emerging as a contentious issue for the Consumer Financial Protection Bureau, which on Tuesday unveiled its long-awaited outline of how it plans to implement a key part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The CFPB has for years delayed a rulemaking on part of Dodd-Frank that requires collecting data on small-business lending to determine if minority- and women-owned small businesses are equally able to access funding, similar to how banks and mortgage lenders report data under the Home Mortgage Disclosure Act.

Consumer advocates have pushed the CFPB to collect this data and implement the rule, an issue they say is increasingly important as questions linger over the fairness of the Paycheck Protection Program and other small-business relief efforts

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‘Fortnite’ maker draws praise for fighting Apple, but lawsuits allege it rips off kids

Want this Fortnite Battle Bundle, as reproduced in this screenshot from a court filing? Be prepared to pay, but notice that it's nonrefundable.
Want this Fortnite Battle Bundle, as reproduced in this screenshot from a court filing? Be prepared to pay, but notice that it’s nonrefundable.

Epic Games, the creator of the stupendously popular video game “Fortnite,” has been winning praise for its stance challenging the strangleholds of Apple and Google on in-app purchases by game players.

You might want to hold your applause.

The dark side of “Fortnite” in its various versions, according to lawsuits filed in federal court, is how it tempts children into spending their and their parents’ money on virtual game items without fully understanding what they’re doing and with little or no chance of obtaining refunds.

Like with a slot machine, Epic psychologically manipulates its young players into thinking they will ‘get lucky.’

Allegation in lawsuit “R.A.” v. Epic Games

“The games are targeted towards children,” John E. Lord, a lawyer for a “Fortnite” player and his mother,

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Middletown methadone clinic proposal draws mixed reaction

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