The Consumer Financial Protection Bureau announced Thursday (July 14) that it has leveled a $100 million fine at Bank of America for allegedly messing up the disbursement of state unemployment benefits during the pandemic. Get the Full Story Complete the form to unlock this article...
Payday lender ACE Cash Express has been accused by the Consumer Financial Protection Bureau (CFPB) of hiding free repayment alternatives from its customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In recent months, the Consumer Financial Protection Bureau (CFPB) has increased the use of soft tools, such as advisory opinions, circulars or blog posts, to complement its rulemaking authority. These tools, which are more on the advocacy side than on the enforcement side, are arguably...
The Consumer Financial Protection Bureau (CFPB) has terminated special regulatory treatments for two companies, Payactiv and Upstart, in less than one month, losing more than 20% of the firms using special procedures that seek to foster innovation. First, on June 8, the bureau terminated Upstart’s...
The Consumer Financial Protection Bureau (CFPB) has ended financial services provider Payactiv’s Sandbox Approval Order for its earned wage access products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 29) issued an advisory opinion warning debt collectors that most “pay-to-pay” fees that they often charge violate federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
States can issue their own fair credit reporting laws that protect residents, the U.S. Consumer Financial Protection Bureau (CFPB) said in a ruling Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Consumer Financial Protection Bureau (CFPB) took its first step yesterday, June 22, to change the regulation affecting credit card late fees. The Bureau published an Advance Notice of Proposed Rulemaking (ANPR) seeking data about credit card late fees and late payments to assess whether...
The Consumer Financial Protection Bureau (CFPB) announced on Friday (June 17) that it is measuring the impact that account overdraft fees have on consumers, and it is planning to use this information to identify institutions for further examination and review. Get the Full Story Complete...
