The Latest Breaking News from CFPB

Bank of America To Pay $12 Million Fine For Inacurate Mortgage Data

The bank failed to accurately reported answers on demographic data that can be used to identify possible discriminatory practices, CFPB said.

International Business Times · Nov 28, 2023

Toyota Financing Arm Fined $60 Million for Multiple Violations

Toyota Motor Credit operated a dead-end cancellation hotline, withheld refunds, and hurt consumers’ credit reports, the CFPB says.

Kiplinger · Nov 22, 2023

Online Lender Enova Banned From Offering Short-Term Loans

Enova has agreed to pay a $15 million fine to settle charges, including illegally withdrawing funds from consumer bank accounts, the CFPB says.

Kiplinger · Nov 22, 2023

Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million

Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday

The Independent UK · Nov 8, 2023

Consumers have been propping up the U.S. economy when no one else could—now the debts are being called and they can’t pay their bills

Americans’ credit card balances have hit a record high.

Fortune · Nov 8, 2023

High Healthcare Costs Can Cause Even the Insured To Skip Care

People are struggling with healthcare costs regardless of their insurance status, a new study from The Commonwealth Fund finds.

Kiplinger · Nov 3, 2023

PayPal Receives SEC Subpoena Over PYUSD Stablecoin

SEC's enforcement division requests documents from PayPal regarding its USD-pegged stablecoin

Zenger · Nov 2, 2023

Chevron meets ESG

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia · Oct 19, 2023

Senate votes to overturn CFPB small-business lending rule - Roll Call

The Senate voted Wednesday to nullify a CFPB rule requiring lenders to gather information from small-business owners.

Roll Call · Oct 18, 2023

Here are some of the biggest Supreme Court cases to watch this term

Justices will hear questions involving Donald Trump’s eligibility for office, abortion rights, gun ownership, the First Amendment and other major cases

The Independent UK · Oct 17, 2023