CFPB

FTC Issues $4.8M in Refunds to Debt Collector Victims
FTC Issues $4.8M in Refunds to Debt Collector Victims
April 15, 2022  |  Debt

The Federal Trade Commission (FTC) issued more than $4.8 million in refunds to victims of unlawful debt collection practices last year, the agency said in...

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TechREG Weekly: Big Tech Turns to Privacy to Mitigate Antitrust Woes 
TechREG Weekly: Big Tech Turns to Privacy to Mitigate Antitrust Woes 
April 15, 2022  |  Regulation

This was an active week for BigTech, particularly for Apple and Microsoft, both facing new antitrust problems in Europe. In addition, Apple’s CEO once again...

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CFPB’s New Rules for BNPL Could Come by Year’s End
CFPB’s New Rules for BNPL Could Come by Year’s End
April 13, 2022  |  BNPL

The exponential growth of buy now, pay later (BNPL) in the last two years, with approximately $97 billion in transactions in 2021, has brough significant regulatory...

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CFPB Sues TransUnion, Sr Exec John Danaher, Alleging History of Deceptive Marketing
CFPB Sues TransUnion, Sr Exec John Danaher, Alleging History of Deceptive Marketing
April 12, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) on Tuesday (April 12) filed a lawsuit against TransUnion, two of its subsidiaries and longtime executive John Danaher for...

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70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
April 12, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) published its semi-annual report on April 6, detailing everything what the agency has done for most of the last year....

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CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
April 11, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is closing today, Monday 11, its deadline to submit comments on its public consultation on “junk fees” after receiving...

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TechREG Weekly: Countries Are Luring Crypto Firms With Friendly Regulation
TechREG Weekly: Countries Are Luring Crypto Firms With Friendly Regulation
April 08, 2022  |  Regulation

Regulators are luring crypto firms with crypto-friendly regulations, or at least, they are trying to do so. The U.K. government announced new plans to bring...

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Banks Rewrite Revenue Playbook as Overdraft Fees Slide
Banks Rewrite Revenue Playbook as Overdraft Fees Slide
April 07, 2022  |  Banking

For banks, overdraft fees and at least a few other revenue streams are shrinking, even disappearing in many cases. To that end, reports came via...

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