Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet Big tech companies ended up creating "critical financial tool," hence why the CFPB wants oversight. Android Central · Nov 21, 2024
CFPB's Future Uncertain: Bankers Anticipate Changes Under Trump Administration Although the open banking regulation of the Consumer Financial Protection Bureau (CFPB) is intended to safeguard consumer rights, bankers anticipate changes under the Trump administration, which might curtail the agency's authority. International Business Times · Nov 14, 2024
US government agency warns workers of possible Chinese cellphone hacks Cellphones should not be used for work-related purposes, as CFPB issues warning to staff in aftermath of Salt Typhoon attack against US telecommunications infrastructure. TechRadar · Nov 8, 2024
As regulators circle JPMorgan-owned Zelle it's fraud boss calls for more law enforcement funding to fight scams The payment platform owned by JPMorgan, Bank of America and Wells Fargo is being investigated by regulators, but says the real solution is more money to law enforcers Fortune · Aug 8, 2024
Jarkesy Should Not Have Been So Easy For Justice Barrett There are tensions between Jarkesy, CFPB, and Vidal. Reason · Jul 25, 2024
US agency says apps that let workers access paychecks before payday are providing loans The Consumer Financial Protection Bureau says apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act The Independent UK · Jul 18, 2024
Biden Administration advances plan to remove medical debt from credit scores The Consumer Financial Protection Bureau proposed federal regulations that would prevent unpaid medical bills from being counted on consumers’ credit reports Fortune · Jun 12, 2024
Biden Administration Aims To Remove Medical Debt Impact Learn how the Biden administration plans to protect individuals from the impact of medical debt on credit reports and loan assessments. Top News · Jun 12, 2024
How to Fix Errors in Your Credit Report Complaints about errors in credit reports have shot up. Here’s why — and how to fix them. Kiplinger · May 25, 2024
Buy now, pay later companies must adhere to credit card standards, consumer agency says The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders The Independent UK · May 22, 2024
Credit Score vs. Credit Report: What's the Difference? Credit score vs credit report: What's the difference? Here's what you need to know. Kiplinger · May 22, 2024
Vindicated by Court, CFPB Director Chopra says bureau will add staff, consider new rules on banks Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all The Independent UK · May 17, 2024
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack The Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau The Independent UK · May 16, 2024
Supreme Court upholds financial agency's 'novel' funding structure - Roll Call The Supreme Court upheld the funding structure for the Consumer Financial Protection Bureau on Thursday as constitutional. Roll Call · May 16, 2024
Top News · May 12, 2024 Federal Judge Blocks Biden Rule On Credit Card Late Fees Federal judge blocks Biden administration's rule to cap credit card late fees at , saving consumers billion annually. Legal battle continues.
Reason · Apr 9, 2024 Congress Could Overturn a New Rule Limiting Credit Card Late Fees. Good. Sen. Tim Scott introduced a bill Monday to block the Consumer Financial Protection Bureau's action by invoking the Congressional Review Act.
The Independent UK · Mar 28, 2024 Texas judge moves late fee case to DC, accusing banks of venue shopping for favorable ruling A federal judge in Texas has accused the major banking industry groups and the U.S. Chamber of Commerce of forum shopping in their lawsuit against the Consumer Financial Protection Bureau
WEKU · Mar 5, 2024 The U.S. sharply limits how much credit cards can charge you in late fees The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
WEKU · Mar 1, 2024 Why a financial regulator is going after health care debt The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.
International Business Times · Feb 9, 2024 Are US Banks Redefining Overdraft Practices? Revenue Declines Hint At Shifting Trends Major U.S. retail banks experienced a significant decline in overdraft revenue last year, signaling a shift towards more consumer-friendly practices.
Top News · Jan 17, 2024 White House Proposes Reduction in Bank Overdraft Fees to The White House proposes a reduction in bank overdraft fees to as low as , aiming to alleviate financial burdens on consumers living paycheck to paycheck...
Top News · Jan 16, 2024 CFPB Plans to Rein in Overdraft Fees Amid Banking Industry Opposition Discover the intensifying debate over overdraft fees in America as the Consumer Financial Protection Bureau proposes rules to rein them in. Learn more here.
Barchart · Dec 11, 2023 Stocks Push Higher on Strength in Chip Stocks What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. Stocks this morning are modestly higher, with the Dow...
Fortune · Dec 6, 2023 Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.
Motor1 · Nov 20, 2023 Feds Fine Toyota $60M For Sketchy Lending Practices, False Credit Report Claims Toyota Motor Credit allegedly made it difficult or impossible to cancel unwanted extras during financing, among other things.