CFPB

132 Members of Congress Say CFPB Funding Structure Unconstitutional

132 Members of Congress Say CFPB Funding Structure Unconstitutional
132 Members of Congress Say CFPB Funding Structure Unconstitutional
July 11, 2023  |  CFPB

A group of 132 members of Congress favor challenging the funding structure of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form...

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CFPB Fines Bank of America $250 Million Over Junk Fees
CFPB Fines Bank of America $250 Million Over Junk Fees
July 11, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. Get the Full Story Complete the...

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CFPB Medical Debt Hearing Comes as Patients Tap Financing to Get the Care They Need 
CFPB Medical Debt Hearing Comes as Patients Tap Financing to Get the Care They Need 
July 10, 2023  |  Healthcare Financing

Medical debt and payments plans are increasingly scrutinized by the Consumer Financial Protection Bureau, the White House and regulators. But the data shows that consumers...

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Treasury Dept. and CFPB Investigate Medical Credit Cards and Installment Loans
Treasury Dept. and CFPB Investigate Medical Credit Cards and Installment Loans
July 07, 2023  |  Credit Cards

Three federal agencies have launched an inquiry into “high-cost specialty financial products” used to pay for routine medical care. Get the Full Story Complete the...

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Senators Call for New Rules to Combat AI-Powered Scams
Senators Call for New Rules to Combat AI-Powered Scams
July 07, 2023  |  Fraud Prevention

Senators have called on regulators to protect consumers from artificial intelligence (AI)-powered scams. Get the Full Story Complete the form to unlock this article and...

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CFPB’s Rule-Making Agenda Hints Summer May Get Heated for Big Tech 
CFPB’s Rule-Making Agenda Hints Summer May Get Heated for Big Tech 
July 04, 2023  |  CFPB

The grills are hot.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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CFPB Cites ACI Worldwide in $2 Billion ‘Mortgage Fiasco’
CFPB Cites ACI Worldwide in $2 Billion ‘Mortgage Fiasco’
June 27, 2023  |  CFPB

America’s consumer finance regulator has fined ACI Worldwide for processing more than $2 billion in unauthorized mortgage payments. Get the Full Story Complete the form...

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Banks and FinTechs Now Prioritize Collaboration Over Competition
Banks and FinTechs Now Prioritize Collaboration Over Competition
June 16, 2023  |  Partnerships

Tough times make tough businesses and underscore the viability of their corporate strategies. Get the Full Story Complete the form to unlock this article and...

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CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
June 14, 2023  |  CFPB

At the latest hearing focused on the Consumer Financial Protection Bureau, things got heated even before Director Rohit Chopra uttered a word. Get the Full...

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