CFPB

CFPB Orders $8M Paid to Consumers in Student Loan Scam
CFPB Orders $8M Paid to Consumers in Student Loan Scam
May 11, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief,...

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Payday Lenders Face Uphill Road To Invalidate CFPB’s Rules
Payday Lenders Face Uphill Road To Invalidate CFPB’s Rules
May 11, 2022  |  CFPB

On Monday, May 9, a Fifth Circuit panel questioned whether a U.S. Supreme Court ruling requires the Consumer Financial Protection Bureau (CFPB) to invalidate a...

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CFPB’s Opinion on Fair Lending Rules Could Extend to AI
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when...

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CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022  |  CFPB

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered...

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CFPB: BoA Must Pay $10M for Illegal Garnishments
CFPB: BoA Must Pay $10M for Illegal Garnishments
May 04, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against...

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CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
May 02, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report Monday (May 2), showing the high amount of wrongful auto repossessions by servicers. According...

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ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
May 02, 2022  |  Regulation

In February, the Consumer Financial Protection Bureau (CFPB) launched a request for information from the public about the impact that “junk fees” are having on...

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TechREG Weekly: Big Tech Has a New Name, Crypto Still Divides Regulators 
TechREG Weekly: Big Tech Has a New Name, Crypto Still Divides Regulators 
April 29, 2022  |  Regulation

This week, Big Tech firms were in the spotlight again — and not only because it is earnings season, but also because Twitter accepted Elon...

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CFPB’s Chopra Hints at Credit Card Rule Changes in Congress Hearing
CFPB’s Chopra Hints at Credit Card Rule Changes in Congress Hearing
April 28, 2022  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) gave his testimony before the House Committee on Financial Services on Wednesday (April 27), one...

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