Consumer Financial Protection Bureau

Majestic Home Loans With Permanent CFPB Ban After Years of Military Fraud 
Majestic Home Loans With Permanent CFPB Ban After Years of Military Fraud 
February 27, 2023  |  Regulation

The Consumer Financial Protection Bureau said Monday (Feb. 27) that it has permanently banned a California mortgage broker from the industry, citing years of abuse...

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Supreme Court to Decide CFPB’s Future and Funding
Supreme Court to Decide CFPB’s Future and Funding
February 27, 2023  |  CFPB

The ultimate fate of the Consumer Financial Protection Bureau rests in the hands of nine individuals. The Supreme Court agreed on Monday (Feb. 27) to...

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CFPB: Strong Labor Market and Pandemic Relief Drove Down Collections
CFPB: Strong Labor Market and Pandemic Relief Drove Down Collections
February 14, 2023  |  Debt

A strong labor market and pandemic relief programs helped consumers keep current on their bills. As a result, from 2018 to 2022, the total number...

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CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
February 07, 2023  |  CFPB

The Consumer Financial Protection Bureau is warning Americans about “double dealing” by mortgage comparison-shopping platforms. “Companies operating these digital platforms appear to shoppers as if...

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Rep. McHenry Decries Biden’s Credit Card Late Fee Plan
Rep. McHenry Decries Biden’s Credit Card Late Fee Plan
February 02, 2023  |  Credit Cards

A leading House Republican says President Biden’s proposed credit card fee cap will hurt consumers. Announced by the Consumer Financial Protection Bureau (CFPB) Wednesday (Feb....

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The Downside of the White House Credit Card Late Fee Cap
The Downside of the White House Credit Card Late Fee Cap
February 01, 2023  |  Regulation

The Biden administration’s targeting of credit card late fees may lead to unintended consequences. Among those consequences: Stifling consumers’ embrace of banks’ innovations designed to avoid...

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CFPB Wants Information About Consumer Credit Cards
CFPB Wants Information About Consumer Credit Cards
January 24, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is asking consumers and others about their experiences with credit cards. The information is to be used in a...

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CFPB’s Busy 2023 Has Overdraft Fees, Financial Data on the Agenda
CFPB’s Busy 2023 Has Overdraft Fees, Financial Data on the Agenda
January 20, 2023  |  CFPB

Right out of the gate, the Consumer Financial Protection Bureau (CFPB) has had a busy 2023. The pace won’t slow as the year goes on,...

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Auto-Renewal Warnings Drive More Subscription Firms to Data-Based LTV Strategies
Auto-Renewal Warnings Drive More Subscription Firms to Data-Based LTV Strategies
January 19, 2023  |  Subscription Commerce

Subscription businesses must do a better job of locking in loyalty and rely less on tactics like auto-renewals that regulators dislike. This, as the Consumer...

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