CFPB

CFPB
CFPB Proposes New Algorithm-Based Home Valuation Guidelines
February 23, 2022

The Consumer Financial Protection Bureau (CFPB) has proposed new outlines to make sure that the computer models used to help find home valuations are accurate and fair. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Warns Student Loan Servicers About Public Service Forgiveness
February 18, 2022

The Consumer Financial Protection Bureau (CFPB) has issued a bulletin warning student loan servicers that they could face sanctions if they mislead borrowers about loan forgiveness programs tied to public service, according to a Friday (Feb. 18) press release. Get the Full Story Complete the...

CFPB
CFPB Makes It Easier for Public to Petition for Rule Changes
February 16, 2022

The Consumer Financial Protection Bureau (CFPB) is making it easier to talk with the agency about rule changes, as the public can now submit petitions to be posted on public dockets for review and comment, according to a Wednesday (Feb. 16) news release. Get the Full...

CFPB
CFPB Acts to Guard Gov’t Benefits from Card Companies
February 15, 2022

The Consumer Financial Protection Bureau (CFPB) says it is taking action to keep prepaid card providers from illegally taking money from people receiving benefits from the government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB’s Fight Against ‘Junk Fees’ May Need Further Explanation
February 14, 2022

Consumer Finance Protection Bureau (CFPB) Director Rohit Chopra made clear his intentions to crack down on “junk fees” charged by financial institutions (FIs) again last week, saying that “people are sick and tired of this fee creep that is all over the economy.” Get the...

CFPB
CFPB Opens Inquiry Against ‘Junk Fees’
January 26, 2022

The Consumer Financial Protection Bureau (CFPB) launched an initiative to reduce “junk fees,” a move the agency said will save consumers billions of dollars each year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB to Probe College Loan Programs
January 20, 2022

The Consumer Finance Protection Bureau (CFPB) has announced its intent to look into post-secondary schools like for-profit colleges, which extend private loans to students. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021

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...

CFPB
CFPB Works With Global Regulators to Target BNPL
December 16, 2021

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...