CFPB

CFPB: BoA Must Pay $10M for Illegal Garnishments

CFPB: BoA Must Pay $10M for Illegal Garnishments
CFPB: BoA Must Pay $10M for Illegal Garnishments
May 04, 2022  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against...

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CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
May 02, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report Monday (May 2), showing the high amount of wrongful auto repossessions by servicers. Get...

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ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
May 02, 2022  |  Legal & Regulation

In February, the Consumer Financial Protection Bureau (CFPB) launched a request for information from the public about the impact that “junk fees” are having on...

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TechREG Weekly: Big Tech Has a New Name, Crypto Still Divides Regulators 
TechREG Weekly: Big Tech Has a New Name, Crypto Still Divides Regulators 
April 29, 2022  |  Legal & Regulation

This week, Big Tech firms were in the spotlight again — and not only because it is earnings season, but also because Twitter accepted Elon...

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CFPB’s Chopra Hints at Credit Card Rule Changes in Congress Hearing
CFPB’s Chopra Hints at Credit Card Rule Changes in Congress Hearing
April 28, 2022  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) gave his testimony before the House Committee on Financial Services on Wednesday (April 27), one...

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Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
April 27, 2022  |  Cybersecurity

U.S. Sens. Bob Menendez and Elizabeth Warren sent a letter (Tuesday) April 26 to Zelle’s parent company, Early Warning Services, asking questions about the rise...

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CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
April 27, 2022  |  CFPB

The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into...

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Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
April 26, 2022  |  Big Tech

Big Tech is looking smaller every day — if you are using stock prices as a yardstick. Get the Full Story Complete the form to...

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