CFPB

CFPB Director Says Regulators Must Monitor Tech’s Role in Finance

CFPB Director Says Regulators Must Monitor Tech’s Role in Finance
CFPB Director Says Regulators Must Monitor Tech’s Role in Finance
December 18, 2023  |  Legal & Regulation

Regulators must use their legal authorities to guard against risks posed by the growing role of large technology firms in the financial system, Rohit Chopra, director...

READ MORE >
Affirm CEO Levchin Says BNPL Helps Consumers Make Sound Decisions
Affirm CEO Levchin Says BNPL Helps Consumers Make Sound Decisions
December 07, 2023  |  BNPL

Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. Get the Full Story Complete...

READ MORE >
CFPB Finds Atlantic Union Bank Misled Customers About Fees
CFPB Finds Atlantic Union Bank Misled Customers About Fees
December 07, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered Atlantic Union Bank to pay $6.2 million, saying the bank misled customers and improperly enrolled them into...

READ MORE >
U.S. Rep. Roger Williams Says CFPB Lending Rule ‘Anti-Small Business’
U.S. Rep. Roger Williams Says CFPB Lending Rule ‘Anti-Small Business’
December 01, 2023  |  SMBs

Republicans aim to overturn the Consumer Financial Protection Bureau’s (CFPB) 1071 Small Business Lending Rule, saying the rule is overly burdensome for small businesses and...

READ MORE >
CFPB Handles 20,000 Consumer Complaints Per Week
CFPB Handles 20,000 Consumer Complaints Per Week
November 30, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. Get the Full Story Complete the form to unlock this...

READ MORE >
Rep. Patrick McHenry Says CFPB Vilifies Financial Services Industry
Rep. Patrick McHenry Says CFPB Vilifies Financial Services Industry
November 29, 2023  |  Legal & Regulation

House Financial Services Committee (HFSC) Chairman Patrick McHenry of North Carolina said Wednesday (Nov. 29) the Consumer Financial Protection Bureau (CFPB) is serving as a...

READ MORE >
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
November 28, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Get...

READ MORE >
CFPB Orders Prehired to Pay $30 Million, Cease Operations
CFPB Orders Prehired to Pay $30 Million, Cease Operations
November 20, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB), in collaboration with 11 states, has announced an enforcement action against Prehired, a Delaware-based company that has filed for bankruptcy and ceased operations....

READ MORE >