Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The consumer financial protection agency’s Credit Union Advisory Council (CUAC) is set to hold a public meeting March 8 from about 1-3:15 p.m. Eastern, according to the agency’s website and a notice in Friday’s Federal […]
A revised supervisory appeals process that includes the creation of a committee assigned to deal with each review was announced Friday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) described […]
Large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk, and the 25 largest credit card issuers charged interest rates eight to 10 percentage […]
A limited liability company and four attorneys have settled an enforcement suit brought by federal regulators in 2014 over a foreclosure relief scam that the consumer financial protection agency said “charged millions of dollars in […]
Prohibiting non-sufficient funds fees on transactions declined at the same time a user swipes, taps or clicks debit or ATM cards is the aim of a “proactive” new rule proposed Wednesday by the federal consumer […]
A firm called Strategic Financial Solutions (SFS), its shell companies and two key architects of a scheme that amassed the firms allegedly more than $100 million in illegal advance fees from consumers are being sued […]
Overdraft fees would be limited for very large banks – those with $10 billion or more in assets – to no more than $14 or less under a new rule proposed Wednesday by the federal […]
A consumer does not need to use specific language to trigger a consumer reporting agency’s file disclosure requirements, according to an advisory opinion issued Thursday by the federal consumer financial protection agency. The agency also […]
New civil money penalty (CMP) amounts, adjusted for inflation, were announced Monday under a final rule issued by the federal consumer financial protection agency; the increased penalty amounts take effect Jan. 15. The Consumer Financial […]
The federal consumer protection agency on Friday issued a report on observations regarding borrowers’ return to federal student loan repayment that it says may hold serious implications for not only borrowers but the broader economy. […]
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