Consumer Financial Protection Bureau

Will Regulators’ Public Shaming Blunt Innovation?
Will Regulators’ Public Shaming Blunt Innovation?
June 05, 2024  |  Regulation

The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a...

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CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. Get the Full Story Complete the...

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CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
June 03, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies that have broken consumer laws and are...

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CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers...

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CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
May 30, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. Get the Full Story Complete the form to...

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CFPB Late Fee Lawsuit Moved Back to DC Court
CFPB Late Fee Lawsuit Moved Back to DC Court
May 29, 2024  |  Legal

This round of jurisdictional ping pong goes to the CFPB. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
May 24, 2024  |  Loans

The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. Get the Full Story...

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As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
May 22, 2024  |  BNPL

The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. Get...

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CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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