Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Title: Fair Credit Reporting; Facially False Data Subject: FCRA Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this advisory opinion to highlight that a consumer reporting agency that does […]
Banks charging so-called “surprise” overdraft and depositor fees can avoid violations of rules by following guidance issued by the federal consumer financial protection agency, it said Wednesday. The Consumer Financial Protection Bureau (CFPB) said it […]
An assessment of an unanticipated overdraft fee can constitute an unfair act or practice even if the bank or other entity charging the fee complies with key financial regulations, according to a circular published Wednesday […]
The process for creating a new rule obligating financial institutions to share a consumer’s data upon a consumer’s request will begin this week, which the director of the federal consumer financial protection agency indicated in […]
The three advisory committees that give consumer, community bank, and credit union perspectives to the Consumer Financial Protection Bureau (CFPB) on its actions under federal consumer financial laws are set to hold online public meetings […]
An online event registration company – ACTIVE Network, of Plano, Texas – is being sued by the federal consumer financial protection agency over its allegedly unlawful enrolling of consumers into its discount club as those […]
An exemption from certain appraisal requirements for higher-priced mortgage loans will apply to loans of $31,000 or less in 2023 under a rule change announced by the Federal Reserve Board, Consumer Financial Protection Bureau (CFPB), […]
Consumer credit and lease transactions involving $66,400 or less are exempt in 2023 from Truth in Lending Act (Regulation Z) and Consumer Leasing Act (Regulation M) requirements, according to releases Thursday by the Consumer Financial […]
Whether some financial institutions and colleges may be steering students to more expensive financial products is among the questions raised about some marketing deals between colleges and financial institutions in a report to Congress made […]
A penalty of nearly $1 million has been assessed against a New Jersey money transferring firm by the federal consumer financial protection agency for the firm’s failure to provide accurate fee, exchange rate and other […]
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