CFPB

CFPB
CFPB Targets Mortgage Servicer ‘Junk Fees’
April 24, 2024

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. 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, PYMNTS Today. By completing this form,...

CFPB
CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
April 17, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived students about the real cost of loans and made false claims about the hiring rates of the bootcamp’s graduates. Get...

CFPB
CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
April 11, 2024

Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments and artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Could Block Lenders From Charging for Title Insurance
April 10, 2024

America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. 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
Legislation Seeks to Overturn CFPB Limits on Credit Card Late Fees
April 09, 2024

The fight over credit card late fees may go to Capitol Hill. 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, PYMNTS Today. By...

CFPB
CFPB Late Fee Lawsuit Gets Sent Back to Texas
April 07, 2024

A federal lawsuit challenging new credit card late fee limits will remain in Texas. 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, PYMNTS Today. By...

CFPB
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Monitoring Video Games, Virtual Worlds for Consumer Protection Compliance
April 04, 2024

The Consumer Financial Protection Bureau (CFPB) is monitoring video games and virtual worlds to ensure their compliance with federal consumer financial protection laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Warns Remittance Transfer Providers About Making False Claims
March 27, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...