CFPB

CFPB Boss Racks Up Enforcements as Second Year Begins
CFPB Boss Racks Up Enforcements as Second Year Begins
September 30, 2022  |  CFPB

The head of the country’s consumer financial enforcement agency is closing out its first year at the helm showing banks, FinTechs, lenders, mortgage brokers and...

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Complaints to CFPB About Crypto Rose During Market Shakeup
Complaints to CFPB About Crypto Rose During Market Shakeup
September 30, 2022  |  Cryptocurrency

The Consumer Financial Protection Bureau (CFPB) has seen a surge in consumer complaints about cryptocurrency as the crypto market has turned more volatile. That’s according...

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CFPB Sues MoneyLion Over Alleged Military Lending Act Violation
CFPB Sues MoneyLion Over Alleged Military Lending Act Violation
September 29, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members...

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Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
September 28, 2022  |  CFPB

Charging customers with surprise overdraft fees will cost Regions Bank a total of $191 million in customer redress plus a civil monetary penalty paid to...

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US Chamber, Banking Groups Allege CFPB Overreaches on Discrimination Testing
US Chamber, Banking Groups Allege CFPB Overreaches on Discrimination Testing
September 28, 2022  |  CFPB

The U.S. Chamber of Commerce has joined several business organizations in suing the Consumer Financial Protection Bureau (CFPB), saying the agency is overstepping its bounds...

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FedEx Rout, BNPL Scrutiny Help Drive CE100 Index Down 5.3%
FedEx Rout, BNPL Scrutiny Help Drive CE100 Index Down 5.3%
September 19, 2022  |  Connected Economy

Markets were roiled this past week by concerns over inflation, and over Fed rate hikes, and over consumer demand, especially — and it may have...

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From White House, a Clear Call for Tighter Crypto Controls
From White House, a Clear Call for Tighter Crypto Controls
September 18, 2022  |  Cryptocurrency

The Treasury Department is looking to rein in crypto. It’s hard not to come to that conclusion when looking over the trio of reports it...

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This Week in Payments: Walmart Bets on Banking, the CFPB Warns of Overdoing BNPL and Consumers Are Forced to Get Thriftier
This Week in Payments: Walmart Bets on Banking, the CFPB Warns of Overdoing BNPL and...
September 16, 2022  |  Consumer Finance

This was the week when the Consumer Financial Protection Bureau released its awaited buy now, pay later (BNPL) report — it’s uneasy to say the...

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CFPB Says Consumers at Risk From BNPL Over-Extension
CFPB Says Consumers at Risk From BNPL Over-Extension
September 15, 2022  |  Regulation

For buy now, pay later (BNPL), heady growth demands some new guardrails. The Consumer Financial Protection Bureau report, “Buy Now, Pay Later: Market trends and...

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