CFPB

CFPB
Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
March 06, 2024

What will the loss of credit card late fees mean for America’s biggest banks? 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...

CFPB
CFPB Rule Lowers Credit Card Late Fees to $8
March 05, 2024

America’s consumer protection watchdog finalized a rule lowering 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, PYMNTS Today. By...

CFPB
CFPB Says Financial Product Comparison-Shopping Tools Must Present Unbiased Results
February 29, 2024

The Consumer Financial Protection Bureau (CFPB) is working to crack down on companies that operate comparison-shopping tools for financial products and manipulate the results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
CFPB to Propose Rules Limiting Activities of Data Brokers
February 28, 2024

The Consumer Financial Protection Bureau (CFPB) will propose rules this year to limit the activities of data brokers, including those that sell personal data to customers overseas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Establishes Supervisory Authority Over World Acceptance
February 26, 2024

The Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance Corp., saying it aims to ensure compliance with federal consumer financial protection laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to supervise large nonbank companies that offer services like digital wallets and payment apps. Get the Full Story Complete the form...

CFPB
CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
January 24, 2024

The Consumer Financial Protection Bureau proposed a new rule to prevent banks and other financial institutions from charging non-sufficient funds fees on transactions declined in real time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
January 19, 2024

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an illegal debt-relief business.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB Says Student Loan Servicers May Be Violating Consumer Protection Laws
January 05, 2024

Borrowers are facing challenges as they resume federal student loan payments after a pause that began during the pandemic. 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...