Consumer Financial Protection Bureau

CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
April 30, 2024  |  News

The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans....

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CFPB: Medical Bills Plague Lower-Income Americans 
CFPB: Medical Bills Plague Lower-Income Americans 
April 29, 2024  |  CFPB

New government data shows 15 million Americans still have medical bills on their credit reports. That’s according to the Consumer Financial Protection Bureau (CFPB), which notes that...

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CFPB Head Says FDIC Should Review More Changes in Bank Control
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit...

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CFPB Targets Mortgage Servicer ‘Junk Fees’
CFPB Targets Mortgage Servicer ‘Junk Fees’
April 24, 2024  |  CFPB

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. The Consumer Financial Protection Bureau (CFPB) published findings Wednesday (April 24) showing that mortgage servicers — the...

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CFPB Head Wary of Big Credit Card Mergers
CFPB Head Wary of Big Credit Card Mergers
April 24, 2024  |  Credit Cards

America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday...

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 The Juggling Act That Can Cost Middle-Market Firms $10 Million
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024  |  Regulation

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to...

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Judge in CFPB Credit Card Lawsuit Avoids Recusal
Judge in CFPB Credit Card Lawsuit Avoids Recusal
April 18, 2024  |  Legal

A judge in the banking industry/CFPB legal battle can remain on the case. That’s according to a ruling — made public Thursday (April 18) by Reuters —...

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CFPB Flags Gaming Data Practices, but Younger Consumers Comfortable Sharing Data
CFPB Flags Gaming Data Practices, but Younger Consumers Comfortable Sharing Data
April 18, 2024  |  Consumer Insights

The Consumer Financial Protection Bureau (CFPB) recently issued a report listing regulatory concerns around how gaming and virtual reality companies facilitate transactions and collect sensitive data....

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CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
April 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived...

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