CFPB

Apple, Google Come Under Fire for Their Tap-to-Pay Walled Gardens
Apple, Google Come Under Fire for Their Tap-to-Pay Walled Gardens
September 07, 2023  |  Mobile Payments

Contactless payments are now coming into contact with federal consumer protection agencies. This, as the U.S. Consumer Financial Protection Bureau (CFPB) on Thursday (Sep. 7)...

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CFPB Director Rohit Chopra Says FDIC Proposal Is ‘Somewhat Weird’
CFPB Director Rohit Chopra Says FDIC Proposal Is ‘Somewhat Weird’
August 29, 2023  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should review two aspects of its proposed rule to reduce the risk around large bank failures. So said Rohit Chopra, director...

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CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
August 28, 2023  |  CFPB

America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had...

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CFPB Targets Heights Finance for Alleged Illegal Loan Churning
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
August 22, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged...

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CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
August 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB...

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CFPB Could Use Credit Reporting Act Against Data Brokers
CFPB Could Use Credit Reporting Act Against Data Brokers
August 16, 2023  |  CFPB

America’s consumer watchdog wants to crack down on “data brokers” who collect and sell people’s personal information. Speaking at a White House roundtable Tuesday (Aug....

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CFPB to Call for Expansion of Regulation of Tracking and Selling Personal Data
CFPB to Call for Expansion of Regulation of Tracking and Selling Personal Data
August 15, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) will propose new regulations directed at companies that track and sell people’s personal data. The proposal will be announced Tuesday (Aug....

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As CFPB Rulemaking Proceeds, Trustly Regulatory Chief Says Open Banking Primed to ‘Empower’ Consumers
As CFPB Rulemaking Proceeds, Trustly Regulatory Chief Says Open Banking Primed to ‘Empower’ Consumers
August 10, 2023  |  Banking

As the financial industry awaits the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rules governing data sharing, businesses of all sizes are preparing for...

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Report: 300K Student Loan Borrowers Have Died Since Moratorium
Report: 300K Student Loan Borrowers Have Died Since Moratorium
August 07, 2023  |  Loans

Roughly 300,000 student loan borrowers have died since the federal government’s 2020 loan moratorium. And according to a report Monday (Aug. 7) by Bloomberg News, that means...

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