CFPB

CFPB Warns Banks Against Reopening Closed Accounts, Charging Fees
CFPB
CFPB Warns Banks Against Reopening Closed Accounts, Charging Fees
May 10, 2023

The CFPB is warning banks against reopening closed customer accounts to drive 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....

CFPB Data Breach Exposes Data of 250,000 Consumers and 45 Banks
CFPB
CFPB Data Breach Exposes Data of 250,000 Consumers and 45 Banks
April 19, 2023

The Consumer Financial Protection Bureau (CFPB) has told lawmakers that it suffered a data breach. 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 Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
CFPB
CFPB Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
April 13, 2023

Many states can use existing laws to fight “junk fees,” according to a federal regulator. 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’s Chopra Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
CFPB
CFPB’s Chopra Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
April 04, 2023

The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. 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 Issues Warning to ‘Abusive’ Consumer Finance Firms
CFPB
CFPB Issues Warning to ‘Abusive’ Consumer Finance Firms
April 03, 2023

The Consumer Financial Protection Bureau is reminding lenders of its 13-year-old rule against “abusive” conduct. 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 Constitutionality Upheld With Appeals Court Win
CFPB
CFPB Constitutionality Upheld With Appeals Court Win
March 23, 2023

The Consumer Financial Protection Bureau has scored a legal victory ahead of its fateful Supreme Court case. 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 Goes After Data Brokers
CFPB
CFPB Goes After Data Brokers
March 16, 2023

The Consumer Financial Protection Bureau (CFPB) has begun an investigation into companies that track and collect consumer 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...

CFPB Unearths Junk Fees in Mortgages and Auto Loans
CFPB
CFPB Unearths Junk Fees in Mortgages and Auto Loans
March 08, 2023

America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. 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 Says Unneeded Fees Drain Public Benefit Payments
CFPB
CFPB Says Unneeded Fees Drain Public Benefit Payments
March 02, 2023

America’s financial watchdog says unnecessary fees are cheating retirees out of their benefits. 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....