CFPB

Battle Over CFPB Small Business Data Collection Continues After Senate Vote
Battle Over CFPB Small Business Data Collection Continues After Senate Vote
October 22, 2023  |  Regulation

The battle over the Consumer Financial Protection Bureau’s (CFPB) efforts around small business data collection continues following a Senate vote to reverse that rule. The Senate...

READ MORE >
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023  |  CFPB

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. And much may change between the Thursday (Oct. 19) announcement of its new...

READ MORE >
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
October 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed...

READ MORE >
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act....

READ MORE >
CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
October 11, 2023  |  CFPB

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the...

READ MORE >
Biden Administration to Announce New Regulations to Tackle Junk Fees
Biden Administration to Announce New Regulations to Tackle Junk Fees
October 11, 2023  |  Regulation

President Joe Biden and the heads of the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will announce new rules and regulations to crack down on junk fees...

READ MORE >
Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
October 08, 2023  |  Personal Finance

Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy,...

READ MORE >
Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
October 08, 2023  |  Consumer Finance

Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020...

READ MORE >
CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

READ MORE >