CFPB

CFPB Fines Experian $3M Over False Advertisements For Its ‘PLUS Score’
CFPB Fines Experian $3M Over False Advertisements For Its ‘PLUS Score’
March 24, 2017  |  Security & Fraud

The Consumer Financial Protection Bureau (CFPB) announced Thursday (March 23) that it took action against credit scoring company Experian and its subsidiaries for allegedly deceiving...

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Making Algorithms Play Fair
Making Algorithms Play Fair
March 21, 2017  |  Financial Inclusion

Every day the average American consumer comes into contact with hundreds — if not thousands — of algorithmically powered experiences. Get the Full Story Complete the form...

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Short-Term Lenders Hope For A Long-Term Future
Short-Term Lenders Hope For A Long-Term Future
March 21, 2017  |  CFPB

What is short-term lending’s long-term future? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Upromise Fined $500,000 By FTC For Violating Data Collection, Usage
Upromise Fined $500,000 By FTC For Violating Data Collection, Usage
March 20, 2017  |  Security & Fraud

Upromise, a membership reward service, was fined $500,000 by the Federal Trade Commission (FTC) to settle allegations it violated a FTC rule that requires companies...

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Justice Department Calls CFPB’S Structure Unconstitutional
Justice Department Calls CFPB’S Structure Unconstitutional
March 20, 2017  |  CFPB

In a brief filed on Friday (March 17) in a lawsuit against the Consumer Financial Protection Bureau (CFPB), the Justice Department declared that the agency’s...

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FICO’s New Groove
FICO’s New Groove
March 14, 2017  |  Consumer Finance

About half of all Americans who took the SAT still remember their score 25 years later. Only about 40 percent of Americans, on the other...

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Trump Weighs In On Cordray At Community Bank Meeting
Trump Weighs In On Cordray At Community Bank Meeting
March 10, 2017  |  Bank Regulation

In the continuing faceoff between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the American Banker stated that President Donald Trump “deeply impressed”...

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U.S. Prosecution of Lending Bias Cases to Drop?
U.S. Prosecution of Lending Bias Cases to Drop?
March 08, 2017  |  News

The past few years have been marked by prosecutions by the federal government of lending bias, but the pace may slow under the newly installed...

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Rehearing Of PHH Vs. CFPB Looms As Trump Admin To Join PHH Argument
Rehearing Of PHH Vs. CFPB Looms As Trump Admin To Join PHH Argument
March 07, 2017  |  Consumer Finance

In the latest salvo in the legal wrangling between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the Justice Department has signaled that...

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