The Consumer Finance Protection Bureau has announced a fine against Xerox Business Services, currently known as Conduent Business Services. The $1.1 million fine was assessed for software efforts that led to incorrect and damaging consumer information being fed to the credit reporting agencies for over...
In the wake of Richard Cordray stepping down from the Consumer Financial Protection Bureau (CFPB), President Donald Trump has tapped White House budget director Mick Mulvaney to step in on an interim basis. Mulvaney will take over when Cordray officially steps down later this month....
Consumer Financial Protection Bureau (CFPB) Chief Richard Cordray is resigning from his position as soon as the end of this month. 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) is looking for more information on consumers’ experiences with using sites that promise free access to a credit score. Published in the Federal Register yesterday, the request for information (RFI) also extends to consumer data about companies and nonprofits...
The White House announced that President Donald Trump signed a Congressional resolution allowing banks to block customers from filing class-action lawsuits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
According to the latest report by the Consumer Financial Protection Bureau (CFPB), long-term auto loans are on the rise. The CFPB’s data finds that 42 percent of auto loans made in the last year carried a payback term of six years or more, compared to...
The Consumer Financial Protection Bureau (CFPB) has launched a new online tool that tracks mortgage delinquencies nationwide. 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...
Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever...
The arbitration clause rule has been formally smacked down by the U.S. Senate — after the 50-50 tie vote was broken by VP Mike Pence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
