CFPB

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...

CFPB
CFPB: Colleges Need to Protect Students From ‘Junk Fees’
October 13, 2022

America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Boss Racks Up Enforcements as Second Year Begins
September 30, 2022

The head of the country’s consumer financial enforcement agency is closing out its first year at the helm showing banks, FinTechs, lenders, mortgage brokers and debt collectors the world according to Rohit Chopra. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
CFPB Sues MoneyLion Over Alleged Military Lending Act Violation
September 29, 2022

The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members and dependents, a report from ConsumerFinance.gov said. Get the Full Story Complete the form to unlock this article and enjoy...