CFPB

CFPB
CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
July 28, 2024

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. 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 Finds Junk Fees on the Menu of School Lunch Programs
July 25, 2024

Junk fees are taking a toll on lower-income parents trying to pay for school lunches. 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 Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has introduced a proposed rule that would restrict the way SoLo charges its customers. Get the Full Story Complete the form...

CFPB
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024

The banking industry wants more time to comply with a new rule governing consumer financial 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...

CFPB
CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
July 10, 2024

The Consumer Financial Protection Bureau (CFPB) aims to require mortgage servicers to do more to help struggling homeowners before foreclosing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CFPB
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. 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...

CFPB
Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
June 25, 2024

The Consumer Financial Protection Bureau (CFPB) has extended the compliance dates for its small business lending rule pursuant to court orders. 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
CFPB Targets Medical Debt — That Could Increase the Cost of Healthcare
June 24, 2024

The Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit reports and cap card late fees are proving wildly popular with the general public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...