Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat...
The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. CFPB Director Rohit Chopra, who is a member of the Federal...
In the post-pandemic era, financial health is closely intertwined with physical health. The pressures of paying for healthcare, as deductibles and out-of-pocket expenses increase, are...
The CFPB is warning banks against reopening closed customer accounts to drive fees. In a circular published Wednesday (May 10), the Consumer Financial Protection Bureau...
The high cost of health care is leading many consumers to take on high-cost debt. Recent data from the Consumer Financial Protection Bureau (CFPB) underscores...
Decisions made for companies by artificial intelligence (AI) still have to adhere to the law. So said four federal agencies in a joint statement released...
The Consumer Financial Protection Bureau (CFPB) has told lawmakers that it suffered a data breach. A CFPB employee, who no longer works there, forwarded to...
Repossession companies are reportedly preparing for a boom period as consumers struggle to pay bills. “As the economy curves down, our industry curves up,” says...
Where regulation goes — sometimes, at least — unintended consequences might follow. The regulatory and legislative scrutiny of, and battle over, what are being commonly...