CFPB

CFPB
CFPB Seeks to Stop Financial Companies From ‘Weaponizing’ Fine Print
January 13, 2025

The Consumer Financial Protection Bureau (CFPB) said Monday (Jan. 13) that it aims to stop financial companies from using fine print in contracts that results in customers waiving their legal rights or free speech. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Seeks Public Comment on Consumer Protections Regarding Emerging Payments
January 10, 2025

The Consumer Financial Protection Bureau (CFPB) is seeking public comment on how existing laws apply to emerging consumer payment mechanisms offered through tech companies and video gaming platforms as well as to stablecoins and other digital currencies. Get the Full Story Complete the form to...

CFPB
CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles
January 09, 2025

The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how permissioned financial data will be shared during the rise of open banking — illuminates the long and winding road ahead....

CFPB
CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
January 09, 2025

The Consumer Financial Protection Bureau has been busy — with the latest salvo of (possible) rulemaking looming for buy now, pay later (BNPL) loans, earned wage access and other financial products. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
CFPB Sues Experian, Alleging Improper Investigations of Consumer Complaints
January 07, 2025

The Consumer Financial Protection Bureau (CFPB) sued consumer reporting agency Experian on Tuesday (Jan. 7), alleging that the company unlawfully failed to properly investigate consumer disputes and included incorrect information on credit reports. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence that they could not afford those loans. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
CFPB Aims to Stop Debt Collectors From Contacting Borrowers at Work
January 02, 2025

The Consumer Financial Protection Bureau (CFPB) is working to prevent unlawful debt collection targeting consumers at their workplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

CFPB
CFPB Sues Rocket Homes, Alleging Illegal Kickback Scheme
December 23, 2024

Rocket Homes said Monday (Dec. 23) that it “will not rest” until it sees the dismissal of Consumer Financial Protection Bureau (CFPB) allegations that were announced Monday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB On Alert for ‘New Sketchy Fee Tactics’ From Companies
December 19, 2024

The Consumer Financial Protection Bureau (CFPB) is monitoring the consumer financial marketplace to spot companies’ attempts to charge junk fees in new ways after the regulator cracked down on older methods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...