CFPB

CFPB Opens Inquiry Against ‘Junk Fees’
CFPB Opens Inquiry Against ‘Junk Fees’
January 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) launched an initiative to reduce “junk fees,” a move the agency said will save consumers billions of dollars each...

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CFPB Casts Wide Net on Market for Consumer Credit
CFPB Casts Wide Net on Market for Consumer Credit
January 26, 2022  |  Regulation

In a blog post on Jan. 19, the Consumer Financial Protection Bureau (CFPB) announced that given the significance credit cards and credit card debt represents...

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CFPB to Probe College Loan Programs
CFPB to Probe College Loan Programs
January 20, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has announced its intent to look into post-secondary schools like for-profit colleges, which extend private loans to students. According...

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Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022  |  Regulation

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as...

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Lawmakers Press Biden to Push Big Tech Regs
Lawmakers Press Biden to Push Big Tech Regs
December 26, 2021  |  Big Tech

President Joe Biden is facing pressure to get more into the fight over regulating social media and online platforms, The Wall Street Journal reports. Both...

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Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
December 22, 2021  |  Regulation

The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments...

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CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones...

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Merchant Policies Could Come Under CFPB Scrutiny as Part of BNPL Inquiry
Merchant Policies Could Come Under CFPB Scrutiny as Part of BNPL Inquiry
December 20, 2021  |  BNPL

Reminiscent of government hearings in the late 1960s over potential credit card debt dangers, the Consumer Financial Protection Bureau (CFPB) is now inquiring into issuance,...

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BNPL Stock Prices Crash Amid CFPB Investigation
BNPL Stock Prices Crash Amid CFPB Investigation
December 17, 2021  |  Buy Now Pay Later

The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna,...

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