CFPB

CFPB
CFPB Advises Consumer Reporting Companies to Improve Service
January 03, 2023

The CFPB is urging consumer reporting companies to be mindful of users as they implement technology.  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
Consumer Financial Protection Bureau: UniTeller Failed to Refund Users
December 22, 2022

The Consumer Financial Protection Bureau says money transfer service UniTeller failed to provide customer refunds. 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 Proposes Online Registry of Nonbank Financial Lawbreakers 
December 12, 2022

A regulator has proposed creating a registry of nonbank financial lawbreakers to detect “repeat offenders.” 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 Seeks $1B+ in Fines From Wells Fargo
November 06, 2022

The Consumer Financial Protection Bureau (CFPB) wants Wells Fargo to pay more than $1 billion for alleged mistreatment of customers, a settlement that would surpass the agency’s record … last set by Wells Fargo. Get the Full Story Complete the form to unlock this article...

CFPB
CFPB Looks to Give Consumers More Control Over Their Data
October 27, 2022

The Consumer Financial Protection Bureau (CFPB) is looking at ways to give consumers more control over their financial 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...

CFPB
CFPB Eyes Open Banking’s Data Rules and ‘New Regulatory Approach’
October 26, 2022

The Consumer Financial Protection Bureau (CFPB) is facing legal challenges to its very structure and its reach — and where it gets it funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
CFPB Guidance: Consumer Reporting Agencies Must Eliminate ‘Junk Data’ 
October 20, 2022

When a credit report says that a child has a mortgage or that someone incurred a debt years before they were born, that’s obviously false “junk data,” according to the Consumer Financial Protection Bureau (CFPB).  Get the Full Story Complete the form to unlock this...

CFPB
Court Ruling on CFPB Structure Raises Questions on Rulemaking Authority
October 20, 2022

Only 12 years into its existence, and the Consumer Financial Protection Bureau (CFPB) may face an existential threat — or at least some significant restructuring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription club and generated $300 million in the process. Get the Full Story Complete the form to unlock this article and...