CFPB

CFPB
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). 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...

CFPB
Trade Associations Sue to Block CFPB Overdraft Rule
December 12, 2024

Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
December 09, 2024

The Consumer Bankers Association (CBA) said Monday (Dec. 9) that the incoming Trump administration and new Congress present opportunities to reverse the Consumer Financial Protection Bureau’s (CFPB) “radical pendulum shift.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000 penalty after finding that it used unlawful debt collection practices. Get the Full Story Complete the form to unlock this...

CFPB
CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
December 08, 2024

A federal judge has upheld an order blocking a cap on credit card late fees. 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
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. 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 Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal ATM fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...