CFPB

Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
May 17, 2024  |  Legal

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters...

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SoLo Funds ‘Blindsided’ by CFPB Lawsuit
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024  |  Regulation

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. The lawsuit also alleged that SoLo Funds...

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Supreme Court Ruling on CFPB Paves Path for Open Banking
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024  |  CFPB

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of...

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Supreme Court Rules CFPB Funding Mechanism Constitutional
Supreme Court Rules CFPB Funding Mechanism Constitutional
May 16, 2024  |  CFPB

The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s funding mechanism is constitutional. The decision reversed a lower court ruling that threatened the very existence of...

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CFPB Pays $384 Million to Victims of Think Finance Scheme
CFPB Pays $384 Million to Victims of Think Finance Scheme
May 14, 2024  |  CFPB

Eleven years ago, Think Finance was named one of Forbes’ most promising companies. Now, the online lender is bankrupt, with the Consumer Finance Protection Bureau (CFPB) saying it...

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Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision...

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Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
May 10, 2024  |  Credit Cards

The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10)...

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CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
May 09, 2024  |  Regulation

The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB)...

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CFPB Says It Is Monitoring Credit Card Rewards Programs
CFPB Says It Is Monitoring Credit Card Rewards Programs
May 09, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. This...

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