CFPB

CFPB Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
CFPB Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
April 13, 2023  |  CFPB

Many states can use existing laws to fight “junk fees,” according to a federal regulator. Addressing a Pennsylvania house committee, Brian Shearer, senior advisor to...

READ MORE >
Credit Reporting Agencies Remove More Medical Collections Debt From Reports
Credit Reporting Agencies Remove More Medical Collections Debt From Reports
April 11, 2023  |  Healthcare Financing

Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Equifax, Experian and TransUnion have removed medical collections debt...

READ MORE >
CFPB’s Chopra Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
CFPB’s Chopra Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
April 04, 2023  |  CFPB

The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will...

READ MORE >
CFPB Issues Warning to ‘Abusive’ Consumer Finance Firms
CFPB Issues Warning to ‘Abusive’ Consumer Finance Firms
April 03, 2023  |  CFPB

The Consumer Financial Protection Bureau is reminding lenders of its 13-year-old rule against “abusive” conduct. The CFPB issued a policy statement Monday (April 3) explaining...

READ MORE >
CFPB Rule Spotlights Value of Tech-Driven Data Collection in Small Business Lending 
CFPB Rule Spotlights Value of Tech-Driven Data Collection in Small Business Lending 
March 30, 2023  |  Loans

New rules released by the Consumer Financial Protection Bureau on Thursday will change small business lending. And for the lenders — banks and non-banks —...

READ MORE >
CFPB Says States Can Extend Disclosure Laws to Commercial Financing
CFPB Says States Can Extend Disclosure Laws to Commercial Financing
March 28, 2023  |  Regulation

States can continue extending disclosure laws covering lending to businesses. The Consumer Financial Protection Bureau (CFPB) said in a Tuesday (March 28) preemption determination that such state laws are...

READ MORE >
CFPB Constitutionality Upheld With Appeals Court Win
CFPB Constitutionality Upheld With Appeals Court Win
March 23, 2023  |  CFPB

The Consumer Financial Protection Bureau has scored a legal victory ahead of its fateful Supreme Court case. A federal appeals court ruled Thursday (March 23)...

READ MORE >
Splitit: Standardization of Credit Reporting and Consumer Protection Will Help BNPL Scale
Splitit: Standardization of Credit Reporting and Consumer Protection Will Help BNPL Scale
March 22, 2023  |  Buy Now Pay Later

The exploding use of buy now, pay later (BNPL) needs to have some oversight governing that growth, Omri Flicker, chief legal and risk officer at...

READ MORE >
CFPB Wants Credit Card Companies to Be More Transparent About Product Info
CFPB Wants Credit Card Companies to Be More Transparent About Product Info
March 21, 2023  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) wants to help Americans find new, better credit cards. The bureau announced Tuesday (Mar. 21) upgrades to its survey of credit card issuers...

READ MORE >