The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers. By clarifying the scope of state enforcement under the Consumer Financial Protection Act of 2010 (CFPA), the bureau expects states...
The Consumer Financial Protection Bureau (CFPB) is looking out for consumers at risk of succumbing to false advertising stemming from misusing the Federal Deposit Insurance Corporation (FDIC) name or logo, a CFPB press release said Tuesday (May 17). Get the Full Story Complete the form...
During the last months, the Consumer Financial Protection Bureau (CFPB) has introduced changes in its procedural rules to be able to tackle its ambitious agenda in a timely manner. Additionally, last month, the agency announced that it would dust off an old rule to investigate...
The Consumer Financial Protection Bureau (CFPB) announced in a Monday (May 16) blog post that it is launching a new initiative to ensure that other agencies with consumer financial protection responsibilities apply the rules in a consistent manner. The CFPB will issue Consumer Financial Protection...
The Consumer Financial Protection Bureau (CFPB) on Monday (May 16) published a report on mortgage services’ responses to the COVID-19 pandemic, saying homeowners “continue to face significant risks and challenges,” based on data collected from 16 large servicers from May to December 2021. Get the...
The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief, over collecting debt-relief fees from consumers and lying about the specifics. Get the Full Story Complete the form to unlock...
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The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when canceling loans or changing terms and not just during the application process. Get the Full Story Complete the form to...
On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered important insights into the regulator’s next moves. One of them was open banking. Get the Full Story Complete the form...
