Airbnb and HomeAway are facing calls from a group of lawmakers and community groups that want the Federal Trade Commission to investigate the firms, alleging the home rentals are operating as hotels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Navy Federal Credit Union has been fined $28.5 million following civil charges that it threatened credit union members over debt collection, according to the Consumer Financial Protection Bureau (CFPB). The announcement was made on October 11, and a report by the CFPB found that...
Given the sum total of recent events, it is not terribly surprising that John Stumpf has announced his resignation as chairman and CEO of Well Fargo bank. There are some situations that are immune to spin — and in the wake of the very public...
The Consumer Financial Protection Bureau said on Tuesday (Oct. 11) it ordered Navy Federal Credit Union to pay $28.5 million in fines and restitution over civil charges it allegedly made fake threats about debt collection to members of the credit union. Get the Full Story...
The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. This decision was taken as part of mortgage lender’s PHH Corp. appeal of the 2014 $109M financial penalty imposed by the CFPB....
The regulatory and compliance space is changing. Not only are companies looking for more efficiencies and cost savings in their processes, but the pressure to perform under increased scrutiny is also increasing. Which is why Stephen Ufford, CEO and founder of Trulioo, believes now is...
As the specifics of the CFPB’s pre-paid card rule are making their way through the ecosystem, the players are starting to come out with their takes on the newest set of financial regulations. Get the Full Story Complete the form to unlock this article and...
A little over five years in, the CFPB has collected over 670,000 consumer complaints about just about any financial services-related topic there is. Beyond those raw numbers, though, what do all those complaints in the database really mean? PYMNTS/What’s Next In Data Analytics Collaboration took...
The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as...
