CFPB

CFPB
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are monetizing customers’ financial data — warning the country is moving toward an age of “financial surveillance.” Get the Full Story...

CFPB
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...

CFPB
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports
June 11, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. 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...

CFPB
Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
June 10, 2024

Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. 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 Aims to to Speed Shift to Open Banking in the U.S.
June 05, 2024

The Consumer Financial Protection Bureau (CFPB) has taken another step in its push to accelerate open banking. 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...

CFPB
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. 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 to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
June 03, 2024

The Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or local government or court orders. Get the Full Story Complete the form to unlock this...

CFPB
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers do not owe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
May 30, 2024

The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. 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...