CFPB

CFPB
CFPB Pays $384 Million to Victims of Think Finance Scheme
May 14, 2024

Eleven years ago, Think Finance was named one of Forbes’ most promising companies. 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
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. 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 Says It Is Monitoring Credit Card Rewards Programs
May 09, 2024

The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
May 06, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student loan borrowers seeking payment relief. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB: Medical Bills Plague Lower-Income Americans 
April 29, 2024

New government data shows 15 million Americans still have medical bills on their 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 daily newsletter,...

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...