Consumer Financial Protection Bureau

What Prepaid Card Rules Did On Their Summer Vacation
What Prepaid Card Rules Did On Their Summer Vacation
August 22, 2017  |  Prepaid

Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Last week, the Credit Union National Association (CUNA)...

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Overdraft Fees Cost US Consumers $15B In 2016
Overdraft Fees Cost US Consumers $15B In 2016
August 07, 2017  |  CFPB

Overdraft fees cost U.S. consumers $15 billion in 2016, according to news from the Consumer Financial Protection Bureau (CFPB), the government watchdog that is out...

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CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
August 03, 2017  |  CFPB

The U.S. Consumer Financial Protection Bureau (CFPB) has ordered JPMorgan Chase to pay $4.6 million for allegedly failing to disclose accurate information in checking account...

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CFPB Rails Against Costly Pay-By-Phone Fees
CFPB Rails Against Costly Pay-By-Phone Fees
August 01, 2017  |  Security & Fraud

The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said...

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Credit Unions Seek Level Playing Field To Offer Innovation
Credit Unions Seek Level Playing Field To Offer Innovation
August 01, 2017  |  Credit Unions

Let’s give credit unions, yes, the credit they deserve. Take membership, for instance, which recently reached 108 million, a sign the market is enjoying a boom....

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Trump Outside Advisor Wants CFPB’s Cordray Fired
Trump Outside Advisor Wants CFPB’s Cordray Fired
July 31, 2017  |  Bank Regulation

An outside advisor to President Donald J. Trump, Corey Lewandowski, said Sunday (July 30) that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray should be...

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CFPB Arbitration Rule Dominates Regulatory News
CFPB Arbitration Rule Dominates Regulatory News
July 17, 2017  |  CFPB

The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and...

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CFPB Tweaks Proposed Prepaid Payroll Card Rules
CFPB Tweaks Proposed Prepaid Payroll Card Rules
July 14, 2017  |  B2B Payments

As a few individual states in the U.S. examine payroll and debit card rules, the Consumer Financial Protection Bureau also has this product on its...

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Today In Data: CFPB’s Loan Forgiveness Program Complaints
Today In Data: CFPB’s Loan Forgiveness Program Complaints
June 22, 2017  |  Today In Data

The Consumer Financial Protection Bureau (CFPB) may be in over its head when it comes to key constituents’ feelings regarding its Public Service Loan Forgiveness...

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