CFPB

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. Get...

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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. Get...

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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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CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits...

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