The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. CFPB Director Rohit Chopra, who is a member of the Federal...
In the post-pandemic era, financial health is closely intertwined with physical health. The pressures of paying for healthcare, as deductibles and out-of-pocket expenses increase, are...
The CFPB is warning banks against reopening closed customer accounts to drive fees. In a circular published Wednesday (May 10), the Consumer Financial Protection Bureau...
The high cost of health care is leading many consumers to take on high-cost debt. Recent data from the Consumer Financial Protection Bureau (CFPB) underscores...
Decisions made for companies by artificial intelligence (AI) still have to adhere to the law. So said four federal agencies in a joint statement released...
The Consumer Financial Protection Bureau (CFPB) has told lawmakers that it suffered a data breach. A CFPB employee, who no longer works there, forwarded to...
Many states can use existing laws to fight “junk fees,” according to a federal regulator. Addressing a Pennsylvania house committee, Brian Shearer, senior advisor to...
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will...
The Consumer Financial Protection Bureau is reminding lenders of its 13-year-old rule against “abusive” conduct. The CFPB issued a policy statement Monday (April 3) explaining...