CFPB

Rep. Waters: Hold Equifax, Leadership Accountable for Erroneous Credit Scores
Rep. Waters: Hold Equifax, Leadership Accountable for Erroneous Credit Scores
August 10, 2022  |  Regulation

Rep. Maxine Waters (D-Calif.) has said credit reporting firm Equifax and its leaders should be held accountable for selling erroneous credit scores to lenders, and...

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CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
August 04, 2022  |  CFPB

Goldman Sachs said Thursday (Aug. 4) it is cooperating with an investigation by the Consumer Financial Protection Bureau (CFPB) into its credit card business. In...

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Joint DOJ, CFPB Letter Puts Auto Financiers on Notice About Military Protections
Joint DOJ, CFPB Letter Puts Auto Financiers on Notice About Military Protections
July 29, 2022  |  CFPB

Auto finance companies were sent a joint letter from the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) alerting them about...

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FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
July 29, 2022  |  Cryptocurrency

The Federal Deposit Insurance Corporation (FDIC) just issued bankrupt crypto lender Voyager Digital a stern warning to stop “making false or misleading representations” implying that...

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CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
July 28, 2022  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) hit U.S. Bank with a $37.5 million consent order for illegally accessing customers’ credit reports and personal information to open accounts...

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CFPB’s Chopra Warns About Real-Time Crypto Payments
CFPB’s Chopra Warns About Real-Time Crypto Payments
July 27, 2022  |  Cryptocurrency

The entry of cryptocurrencies into the real-time payments market is a big concern for the Consumer Financial Protection Bureau, its director said. In discussing a...

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Apple’s Move Into BNPL Space Triggers Alarm at CFPB
Apple’s Move Into BNPL Space Triggers Alarm at CFPB
July 27, 2022  |  Apple

Apple’s move into the buy now pay later (BNPL) space has the attention of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), who...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The...

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CFPB to Seek Feedback on Open Banking Rulemaking in November
CFPB to Seek Feedback on Open Banking Rulemaking in November
July 22, 2022  |  Regulation

Open banking continues to grow and so do regulatory frameworks that aim at fostering its use. In countries like the U.K. or Europe, this process...

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