Consumer Financial Protection Bureau

Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations

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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MoneyGram Gets Ready to Fight ‘Meritless Lawsuit’
MoneyGram Gets Ready to Fight ‘Meritless Lawsuit’
April 22, 2022  |  Legal & Regulation

Global money transfer company MoneyGram is getting ready to fight a civil lawsuit filed by the director of the Consumer Financial Protection Bureau (CFPB) and...

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The CFPB and the ‘Junk Fee’ Investigation: 3 Challenges Ahead
The CFPB and the ‘Junk Fee’ Investigation: 3 Challenges Ahead
April 19, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) closed its public consultation on junk fees April 11. Two days later, the agency published a blog post highlighting...

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FTC Issues $4.8M in Refunds to Debt Collector Victims
FTC Issues $4.8M in Refunds to Debt Collector Victims
April 15, 2022  |  Debt

The Federal Trade Commission (FTC) issued more than $4.8 million in refunds to victims of unlawful debt collection practices last year, the agency said in...

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70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
April 12, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) published its semi-annual report on April 6, detailing everything what the agency has done for most of the last year....

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Banks Rewrite Revenue Playbook as Overdraft Fees Slide
Banks Rewrite Revenue Playbook as Overdraft Fees Slide
April 07, 2022  |  Banking

For banks, overdraft fees and at least a few other revenue streams are shrinking, even disappearing in many cases. Get the Full Story Complete the...

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21 Attorneys General Urged CFPB to Regulate BNPL
21 Attorneys General Urged CFPB to Regulate BNPL
April 06, 2022  |  CFPB

On March 25, the Consumer Financial Protection Bureau (CFPB) closed its request for comments regarding the inquiry on buy now, pay later (BNPL) that it...

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CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
March 29, 2022  |  CFPB

Credit card companies charged $12 billion in late fees in 2020, with poorer Americans paying far more than wealthier people. Get the Full Story Complete...

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