CFPB

CFPB Head Says FDIC Should Review More Changes in Bank Control
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit...

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CFPB Targets Mortgage Servicer ‘Junk Fees’
CFPB Targets Mortgage Servicer ‘Junk Fees’
April 24, 2024  |  CFPB

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. The Consumer Financial Protection Bureau (CFPB) published findings Wednesday (April 24) showing that mortgage servicers — the...

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Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
April 24, 2024  |  Earnings

Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some...

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CFPB Head Wary of Big Credit Card Mergers
CFPB Head Wary of Big Credit Card Mergers
April 24, 2024  |  Credit Cards

America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday...

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 The Juggling Act That Can Cost Middle-Market Firms $10 Million
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024  |  Regulation

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to...

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Judge in CFPB Credit Card Lawsuit Avoids Recusal
Judge in CFPB Credit Card Lawsuit Avoids Recusal
April 18, 2024  |  Legal

A judge in the banking industry/CFPB legal battle can remain on the case. That’s according to a ruling — made public Thursday (April 18) by Reuters —...

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Credit Card Late Fee Cap Has Winding Path Ahead In Congress
Credit Card Late Fee Cap Has Winding Path Ahead In Congress
April 18, 2024  |  Credit Cards

Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit...

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CFPB Flags Gaming Data Practices, but Younger Consumers Comfortable Sharing Data
CFPB Flags Gaming Data Practices, but Younger Consumers Comfortable Sharing Data
April 18, 2024  |  Consumer Insights

The Consumer Financial Protection Bureau (CFPB) recently issued a report listing regulatory concerns around how gaming and virtual reality companies facilitate transactions and collect sensitive data....

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CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
April 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived...

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