The CFPB has published its annual list of companies that collect and sell consumer data. The list, the Consumer Financial Protection Bureau (CFPB) said Thursday (Jan. 30), is designed to let consumers request their consumer reporting data, dispute inaccuracies and block access to their credit...
The President Donald Trump administration is reportedly struggling to select nominees to head the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. In the meantime, two President Joe Biden administration appointees — Rohit Chopra of the CFPB and Michael Hsu...
Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. A CFPB report, titled “Auto Repossession Trends and Consumer Impact,” indicated that the rate of vehicle repossessions in the United States at the end of 2022 exceeded the rates of...
The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer financial laws. The regulator is doing so after sending information requests to mortgage servicers and finding that some of these...
The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging that the trusts had illegal debt collection practices. If entered by the court, the proposed stipulated judgment would require the...
The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Block must refund consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund, according to a Thursday (Jan. 16)...
Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. The regulator issued a report, consumer advisory and amicus brief having to do with home equity contracts, according to a said Wednesday...
The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the nation’s “highest” interest rates at the same time it offered another one that paid out rates that were as much...
The Consumer Financial Protection Bureau (CFPB) said Monday (Jan. 13) that it aims to stop financial companies from using fine print in contracts that results in customers waiving their legal rights or free speech. The regulator said this in a Monday press release announcing a proposed...
