Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
An interpretive rule that applies some Regulation Z (Truth in Lending Act) requirements to lenders marketing “buy now, pay later” (BNPL) loans that are accessed through digital user accounts is set to take effect July […]
Establishing the process for recognizing data-sharing standards to comply with an upcoming “open banking” rule is the aim of final rule issued Wednesday, the federal consumer financial protection agency said. The Consumer Financial Protection Bureau […]
This story has been updated to include a link to a Federal Register notice of final rule, which has an effective date of Sept. 16. Implementation dates are phased in. Nonbank firms that are subject […]
A statement that the Electronic Fund Transfer Act (EFTA) and Regulation E protect consumers when funds are wired from their account without authorization was submitted by the federal consumer financial protection agency in an ongoing […]
Action against a Harrisburg, Pa., student lender was taken Friday for a second time in a month by the federal consumer financial protection agency, this time for illegally collecting on student loans that have been […]
Junk fees that the federal consumer financial protection agency says are pushing up mortgage closing costs are the object of a public inquiry announced Thursday. A request for information (RFI) from the Consumer Financial Protection […]
More time will be allowed to comply with a small business lending rule issued last year by the consumer financial protection agency, it said Friday, “in light of court orders in ongoing litigation.” The Consumer […]
The funding mechanism of the federal consumer financial protection agency is neither novel nor unusual, but an “essential part of the nation’s financial regulatory system,” the director of the agency said in a statement Thursday […]
Inflation adjustments in dollar amounts related to federal funds availability rules were announced Monday by the Federal Reserve Board and Consumer Financial Protection Bureau (CFPB) with a compliance date of July 1, 2025. The rules, […]
Credit card rewards are often devalued or denied even after program terms are met, consumers have told the federal consumer financial protection agency, it said in a report released Thursday. The Consumer Financial Protection Bureau […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info