CFPB

American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting

American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
January 17, 2025  |  Regulation

American Honda Finance Corporation (AHFC) reached an agreement with the Consumer Financial Protection Bureau (CFPB) to settle the regulator’s allegations that the company reported inaccurate information...

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Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
January 17, 2025  |  Regulation

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to...

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National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging...

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CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Regulation

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...

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CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Get the Full Story Complete the form...

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CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025  |  CFPB

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. Get the...

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CFPB Data Confirms BNPL’s Positive Impact on Credit-Constrained Consumers
CFPB Data Confirms BNPL’s Positive Impact on Credit-Constrained Consumers
January 14, 2025  |  BNPL

The appeal of stretching out one’s cash flow — making payments over time rather than all at once, and pressuring bank accounts or boosting interest-bearing...

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CFPB Sues Capital One Over ‘Highest’ Rates Promotion
CFPB Sues Capital One Over ‘Highest’ Rates Promotion
January 14, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the...

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CFPB Seeks to Stop Financial Companies From ‘Weaponizing’ Fine Print
CFPB Seeks to Stop Financial Companies From ‘Weaponizing’ Fine Print
January 13, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) said Monday (Jan. 13) that it aims to stop financial companies from using fine print in contracts that results in...

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