CFPB

CFPB’s Chopra Tells GOP Old Laws Still Apply for New Offenders
CFPB’s Chopra Tells GOP Old Laws Still Apply for New Offenders
September 15, 2022  |  CFPB

Speaking at a virtual event for the anniversary of a watchdog group, the Consumer Financial Protection Bureau (CFPB) boss took the opportunity to address a...

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FTC, CFPB File Amicus Brief Favoring Right to Dispute Credit Reports
FTC, CFPB File Amicus Brief Favoring Right to Dispute Credit Reports
September 14, 2022  |  Legal

Saying consumers must be allowed to dispute inaccuracies on their credit reports, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have...

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CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
September 08, 2022  |  CFPB

Family and friends signing admission agreements with residential nursing care facilities cannot be held liable for unpaid debts associated with a patient’s stay, according to...

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CFPB Report Offers Cautionary Take on FinTech Platforms That Consumers Value
CFPB Report Offers Cautionary Take on FinTech Platforms That Consumers Value
September 01, 2022  |  Payment Methods

In case it’s unclear to anyone at this point, the Consumer Financial Protection Bureau (CFPB) is on edge about new payment types taking the markets...

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Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
August 19, 2022  |  CFPB

A Block spokesperson told PYMNTS Friday (Aug. 19) that the company is “disappointed” that the Consumer Financial Protection Bureau (CFPB) has filed a petition for...

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Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

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CFPB Provides Guidance to Other Agencies on Data Security Enforcement
CFPB Provides Guidance to Other Agencies on Data Security Enforcement
August 11, 2022  |  CFPB

Saying financial companies that fail to safeguard consumer data may be violating federal law, the Consumer Financial Protection Bureau (CFPB) has published guidance on the...

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CFPB: Financial Marketers Must Adhere to Consumer Law
CFPB: Financial Marketers Must Adhere to Consumer Law
August 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning digital marketing companies working with financial firms that they must comply with federal law. Marketers engaged in...

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Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
August 10, 2022  |  Bank Regulation

A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the...

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