Consumer Financial Protection Bureau

Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams

Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
October 09, 2024  |  Cybersecurity

With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to...

READ MORE >
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
October 07, 2024  |  Credit Cards

Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from...

READ MORE >
CFPB: More Loans Will Require Detailed Disclosures in 2025
CFPB: More Loans Will Require Detailed Disclosures in 2025
October 04, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation...

READ MORE >
CFPB Targets Double Billing in Medical Debt Collection
CFPB Targets Double Billing in Medical Debt Collection
October 01, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. Get the Full Story Complete the form to unlock this article...

READ MORE >
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024  |  Legal & Regulation

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction....

READ MORE >
CFPB Publishes First Application From Potential Open Banking Standard-Setter
CFPB Publishes First Application From Potential Open Banking Standard-Setter
September 24, 2024  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open banking standard-setter. Get...

READ MORE >
Service Members’ Complaints About Student Loans Rise, CFPB Says
Service Members’ Complaints About Student Loans Rise, CFPB Says
September 24, 2024  |  Loans

Student loans account for a growing number of complaints service members and veterans make about financial products. Get the Full Story Complete the form to...

READ MORE >
Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
September 24, 2024  |  Banking

Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. Get the...

READ MORE >