Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting […]
More than $120 million in junk fee refunds since August from bank account deposits has resulted in the federal consumer financial protection agency’s supervision work on the charges, the agency said in a release Wednesday. […]
A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted […]
Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and […]
Procedures for designating a nonbank for supervision by the federal consumer financial protection agency were updated Tuesday, the agency said, and will streamline the process for both it and the nonbanks. The Consumer Financial Protection […]
A public meeting of its Community Bank Advisory Council (CBAC) is slated for April 30 from 1-3:30 p.m. Eastern, the Consumer Financial Protection Bureau (CFPB) said in a notice posted online and in Tuesday’s Federal […]
Some consumer reporting companies failed to ensure the accuracy of credit reports, including by failing to exclude information resulting from alleged identity theft or human trafficking, the federal consumer financial protection agency charged in a […]
Higher mortgage rates have led borrowers to pay “discount points” which have nearly doubled over the last two years, the federal consumer financial protection agency said Friday. The agency added that it is monitoring the […]
Financial and privacy risks are growing through video gaming marketplaces in banking options and payments, the federal consumer financial protection agency said Thursday, warning that it will now be monitoring those spheres. In a report […]
Ensuring that data brokers comply with the Fair Credit Reporting Act (FCCA) through sweeping requirements affecting data sales the stated goal of new rules to be proposed by the federal consumer financial protection agency, its […]
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