CFPB

Sprint Faces CFPB Lawsuit Over “Cramming” Fees
Sprint Faces CFPB Lawsuit Over “Cramming” Fees
December 18, 2014  |  News

The CFPB’s crusade against bill packing, wherein consumers bills are laden with charges for services they neither requested nor approved, rolls on, now with telecom...

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CFPB Jumps Into The Real-Time Payments Fray
CFPB Jumps Into The Real-Time Payments Fray
November 21, 2014  |  Financial Inclusion

Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a...

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CFPB To Regulate Prepaid Cards
CFPB To Regulate Prepaid Cards
November 14, 2014  |  Alternative Finances

New debit-card regulations from the Consumer Financial Protection Bureau won’t just cover reloadable plastic cards, but also payment services like PayPal, Venmo, Square Cash and...

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Colorado’s Payday-Loan Experiment May Foreshadow Nationwide Changes
Colorado’s Payday-Loan Experiment May Foreshadow Nationwide Changes
November 11, 2014  |  Alternative Finances

Colorado lawmakers, taking action against payday lenders, revised the state’s lending rules that, in 2010, extended loan terms to a minimum of six months. Short-term...

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Banks Overhaul Overdrafts
Banks Overhaul Overdrafts
October 31, 2014  |  News

The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of...

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CFPB Eyeing Checking Accounts
CFPB Eyeing Checking Accounts
October 29, 2014  |  News

The Consumer Financial Protection Bureau (CFPB) is looking hard at banks’ policies on opening consumer checking accounts, including the third-party databases they use, American Banker...

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CFPB Targets Checking
CFPB Targets Checking
October 09, 2014  |  News

The CFPB is worried about checking, particularly consumers’ access to it.  In remarks recently released by CFPB head Richard Cordray, he affirmed the basic necessity...

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Turns Out That Payday-Loan Customers Are Pretty Savvy Borrowers
Turns Out That Payday-Loan Customers Are Pretty Savvy Borrowers
October 02, 2014  |  Alternative Finances

Conventional wisdom might lead one to conclude that payday lending is a scourge upon the Earth and an institution dedicated wholly to feasting on the...

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Is The CFPB PCI Compliant? It Has 600 Million Cards On File
Is The CFPB PCI Compliant? It Has 600 Million Cards On File
September 23, 2014  |  News

Consumers might need a bit of protection from the Consumer Financial Protection Bureau, as the Government Accountability Office reported Monday (Sept. 22) that not only...

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