Consumer Finance Protection Bureau

CFPB Head Doesn’t Want to Be ‘Cheerleader’ for Bank Mergers
CFPB Head Doesn’t Want to Be ‘Cheerleader’ for Bank Mergers
July 20, 2023  |  Regulation

America’s consumer watchdog says bank mergers are set to become much tougher to pull off.  In an interview with Reuters Thursday (July 20), Consumer Financial Protection Bureau (CFPB) Director Rohit...

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CFPB and European Commission Open Dialogue About Digitization of Finance
CFPB and European Commission Open Dialogue About Digitization of Finance
July 17, 2023  |  CFPB

As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice...

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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. The Consumer Finance Protection Bureau (CFPB) said...

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Court Orders FinTech Block to Provide Emails to CFPB 
Court Orders FinTech Block to Provide Emails to CFPB 
December 01, 2022  |  Regulation

A federal court has ruled that FinTech Block must provide information to a regulator.  The Consumer Financial Protection Bureau (CFPB) is seeking emails to and from Brian Grassadonia — the...

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CFPB: Active Network Duped Users Into $300M in Junk Fees
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription...

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CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
August 04, 2022  |  CFPB

Goldman Sachs said Thursday (Aug. 4) it is cooperating with an investigation by the Consumer Financial Protection Bureau (CFPB) into its credit card business. In...

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CFPB’s Fight Against ‘Junk Fees’ May Need Further Explanation
CFPB’s Fight Against ‘Junk Fees’ May Need Further Explanation
February 14, 2022  |  CFPB

Consumer Finance Protection Bureau (CFPB) Director Rohit Chopra made clear his intentions to crack down on “junk fees” charged by financial institutions (FIs) again last...

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CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones...

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CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
September 23, 2021  |  CFPB

Lower-income, mostly Black and Hispanic, communities were more likely to submit complaints to the Consumer Financial Protection Bureau (CFPB) about credit reporting, identity theft and...

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