CFPB

CFPB Goes After Data Brokers
CFPB Goes After Data Brokers
March 16, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has begun an investigation into companies that track and collect consumer data. The watchdog group said it “wants to...

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CFPB Unearths Junk Fees in Mortgages and Auto Loans
CFPB Unearths Junk Fees in Mortgages and Auto Loans
March 08, 2023  |  CFPB

America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. The Consumer Financial Protection Bureau (CFPB) announced Wednesday (March 8) that...

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Digital Disbursements Kill the Uncertainty of ‘The Check’s in the Mail’
Digital Disbursements Kill the Uncertainty of ‘The Check’s in the Mail’
March 06, 2023  |  Digital Payments

“The check is in the mail” is a catchphrase for: You’ll get paid — just don’t hold your breath wondering when. The check is but...

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CFPB Finds Most BNPL Users Are Not Financially Distressed
CFPB Finds Most BNPL Users Are Not Financially Distressed
March 02, 2023  |  BNPL

BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations.   That’s an if and not a when,...

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CFPB Says Unneeded Fees Drain Public Benefit Payments
CFPB Says Unneeded Fees Drain Public Benefit Payments
March 02, 2023  |  CFPB

America’s financial watchdog says unnecessary fees are cheating retirees out of their benefits. In its latest salvo against unwanted fees, the Consumer Financial Protection Bureau...

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Majestic Home Loans With Permanent CFPB Ban After Years of Military Fraud 
Majestic Home Loans With Permanent CFPB Ban After Years of Military Fraud 
February 27, 2023  |  Regulation

The Consumer Financial Protection Bureau said Monday (Feb. 27) that it has permanently banned a California mortgage broker from the industry, citing years of abuse...

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Supreme Court to Decide CFPB’s Future and Funding
Supreme Court to Decide CFPB’s Future and Funding
February 27, 2023  |  CFPB

The ultimate fate of the Consumer Financial Protection Bureau rests in the hands of nine individuals. The Supreme Court agreed on Monday (Feb. 27) to...

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Goldman Sachs Reveals Multi-Agency Credit Card Probe
Goldman Sachs Reveals Multi-Agency Credit Card Probe
February 27, 2023  |  Bank Regulation

A federal investigation into Goldman Sachs’ credit card business has apparently expanded. The Wall Street giant revealed last year that the Consumer Financial Protection Bureau (CFPB)...

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CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
February 22, 2023  |  Economy

Keeping the lights and the cell phones on are proving a challenge for cash-strapped consumers. As PYMNTS has found, those obligations are among the most...

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