CFPB

FTC, CFPB File Amicus Brief Favoring Right to Dispute Credit Reports

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. Get the Full...

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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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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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