consumer protection

CFPB Finds Junk Fees on the Menu of School Lunch Programs

CFPB Finds Junk Fees on the Menu of School Lunch Programs
CFPB Finds Junk Fees on the Menu of School Lunch Programs
July 25, 2024  |  Legal & Regulation

Junk fees are taking a toll on lower-income parents trying to pay for school lunches. So says the Consumer Financial Protection Bureau (CFPB), which released...

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BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
July 17, 2024  |  BNPL

The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer...

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CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  Legal & Regulation

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

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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  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic...

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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  |  Legal & Regulation

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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 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  |  Legal & 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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CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
April 11, 2024  |  Legal & Regulation

Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments...

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CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers....

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