Consumer Financial Protection Bureau

What to Know About Rule 1033 as Open Banking Continues to Evolve
What to Know About Rule 1033 as Open Banking Continues to Evolve
September 17, 2024  |  Digital Banking

Open banking — relatively well-entrenched in Europe, nascent here in the United States — is taking shape largely by directive, through regulations and standards that...

READ MORE >
CFPB Issues Guidance Targeting Banks’ ‘Phantom Opt-In Agreements’
CFPB Issues Guidance Targeting Banks’ ‘Phantom Opt-In Agreements’
September 17, 2024  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) aims to stop banks from charging overdraft fees based on what it calls “phantom opt-in agreements” — cases in...

READ MORE >
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
September 13, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Horizon Card Services and its CEO Robert Kane Friday (Sept. 13). The CFPB alleged that the company used...

READ MORE >
CFPB Bars Navient From Federal Student Loan Business
CFPB Bars Navient From Federal Student Loan Business
September 12, 2024  |  Regulation

Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was...

READ MORE >
CFPB Orders TD Bank to Pay $28 Million For Misleading Consumer Reporting Agencies
CFPB Orders TD Bank to Pay $28 Million For Misleading Consumer Reporting Agencies
September 11, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered TD Bank to pay about $28 million in redress and penalties, saying the bank provided consumer reporting agencies...

READ MORE >
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

READ MORE >
CFPB Seeks Developers’ Comments on Apple’s Rules on Tap-to-Pay Access
CFPB Seeks Developers’ Comments on Apple’s Rules on Tap-to-Pay Access
August 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is seeking public comment on Apple’s recently announced rules governing how financial companies and app developers offer tap-to-pay functionality on its...

READ MORE >
CFPB Report Shows Kroger, Dollar Tree and Others Charging Fees for Cash-Back Transactions
CFPB Report Shows Kroger, Dollar Tree and Others Charging Fees for Cash-Back Transactions
August 27, 2024  |  Consumer Finance

A new report released Tuesday (Aug. 27) from the U.S. Consumer Financial Protection Bureau (CFPB) sheds light on a growing trend: Major retailers are now...

READ MORE >
CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
August 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle.  A federal judge rejected...

READ MORE >