The Consumer Financial Protection Bureau (CFPB) announced yesterday, April 25, 2022, that it will start using a largely unused legal provision to examine nonbank financial companies, FinTechs, that pose risks to consumers. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra plans to tell Congress this week about a proposed measure to regulate open banking and small business lending data, Reuters reported Monday (April 25). Get the Full Story Complete the form to unlock this article and...
To say we’re behind on medical debt is an understatement on several levels. It wasn’t until 2021 when the Census Bureau finally caught up with data collected on this issue in 2017. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Financial Protection Bureau (CFPB) closed its public consultation on junk fees April 11. Two days later, the agency published a blog post highlighting the $1 billion savings that consumers will soon obtain thanks to the elimination of non-sufficient fund (NSF) fees on their...
The Consumer Financial Protection Bureau (CFPB) on Tuesday (April 12) filed a lawsuit against TransUnion, two of its subsidiaries and longtime executive John Danaher for violating a 2017 law enforcement order related to alleged deceptive marketing on credit scores and credit products. Get the Full...
The Consumer Financial Protection Bureau (CFPB) published its semi-annual report on April 6, detailing everything what the agency has done for most of the last year. In a 100-page document, the agency explains its advocacy efforts to help consumers, the enforcement actions taken against companies and...
The Consumer Financial Protection Bureau (CFPB) is closing today, Monday 11, its deadline to submit comments on its public consultation on “junk fees” after receiving more than 25,000 comments in three months. Get the Full Story Complete the form to unlock this article and enjoy...
On March 25, the Consumer Financial Protection Bureau (CFPB) closed its request for comments regarding the inquiry on buy now, pay later (BNPL) that it launched in December. PYMNTS assessed the 44 public comments available on the government website, and the vast majority of them...
The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of late fees charged by type of consumer. The main findings from the report are that credit card late fees have...
