Rohit Chopra, President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB), plans to go to bat for Americans struggling with debt amid the pandemic, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and...
Every new presidential administration gets to make its imprint on regulations — and by extension, the financial services industry. 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...
Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger handed in her resignation Wednesday (Jan. 20) at the request of U.S. President Joe Biden, newly sworn in as the 46th U.S. president, Bloomberg Law reported. Get the Full Story Complete the form to unlock this article...
Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says....
Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
TD Bank has agreed to pay some $122 million to settle a case with the Consumer Finance Protection Bureau involving allegedly illegal overdraft practices, according to a administrative filing. The bank agreed to pay approximately $97 million to affected and a $25 million civil penalty....
California is expected to create a financial protection watchdog agency by month’s end. 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, PYMNTS Today....
The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. 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...
