CFPB

Traditional Banks Go Digital as Neobanks Face Regulatory Heat
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024  |  Digital Banking

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the...

READ MORE >
CFPB’s Spotlight on Medical Payment Products Threatens Chilling Effect on Healthcare Access
CFPB’s Spotlight on Medical Payment Products Threatens Chilling Effect on Healthcare Access
July 03, 2024  |  Healthcare

The Consumer Financial Protection Bureau (CFPB) is sharpening its focus on healthcare payments, and the result may be that at least for some consumers who...

READ MORE >
CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  CFPB

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

READ MORE >
Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
June 25, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has extended the compliance dates for its small business lending rule pursuant to court orders. A federal court in Texas stayed...

READ MORE >
CFPB Targets Medical Debt — That Could Increase the Cost of Healthcare
CFPB Targets Medical Debt — That Could Increase the Cost of Healthcare
June 24, 2024  |  CFPB

The Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit reports and cap card late fees are proving wildly popular...

READ MORE >
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
June 21, 2024  |  Bank Regulation

Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...

READ MORE >
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are...

READ MORE >
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024  |  CFPB

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying...

READ MORE >
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports
June 11, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies...

READ MORE >