CFPB

CFPB
Wise to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
January 30, 2025

International remittance company Wise and the Consumer Financial Protection Bureau (CFPB) reached an agreement to settle the regulator’s allegations that the company advertised inaccurate fees and failed to provide consumer disclosures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
January 30, 2025

The CFPB has published its annual list of companies that collect and sell consumer data. 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 our daily newsletter,...

CFPB
Debate Over Future of CFPB Slows Nomination of New Chair
January 24, 2025

The President Donald Trump administration is reportedly struggling to select nominees to head the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
January 23, 2025

Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. 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 our daily newsletter,...

CFPB
CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
January 20, 2025

The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer financial laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
January 16, 2025

The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging that the trusts had illegal debt collection practices. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. 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: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Sues Capital One Over ‘Highest’ Rates Promotion
January 14, 2025

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the nation’s “highest” interest rates at the same time it offered another one that paid out rates that were as much...