The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones after the company received too many deceptive marketing complaints, Reuters reported. Get the Full Story Complete the form to unlock...
Citing concerns about the buy now, pay later (BNPL) sector, the Consumer Financial Protection Bureau has ordered five BNPL firms to turn over information about their industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without a permanent director until mid-October, when Rohit Chopra was sworn in. Get the Full Story Complete the form to unlock...
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the agency will be taking action on stablecoins, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Consumer Financial Protection Bureau (CFPB) doesn’t have to wait for other agencies’ action to curb cryptocurrency payment abuse, Sen. Elizabeth Warren said Thursday (Oct. 28), Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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Big tech companies in the U.S. are expected to receive a request for information packet from Rohit Chopra, the new director of the Consumer Financial Protection Bureau, Reuters reported on Thursday (Oct. 21), citing two sources with insider information. Get the Full Story Complete the...
The U.S. Senate confirmed President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB) 50-48 in a party-line vote that got no Republican support for Rohit Chopra, who currently serves as a commissioner on the Federal Trade Commission. Get the Full Story Complete...
Lower-income, mostly Black and Hispanic, communities were more likely to submit complaints to the Consumer Financial Protection Bureau (CFPB) about credit reporting, identity theft and delinquent servicing, a report from the agency shows, per a Thursday (Sept. 23) press release. Get the Full Story Complete...
