Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
More input from the public on large technology firms’ use and policies surrounding the huge amounts of consumer data they hold will be accepted by the Consumer Financial Protection Bureau (CFPB) for 30 days following […]
The federal agency charged with consumer financial protection on Thursday said it’s taking a step forward toward an eventual rulemaking on consumers’ access to their financial data, as authorized by the 2010 Dodd-Frank Wall Street […]
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 […]
A recent federal consumer financial protection agency advisory opinion that highlights credit reporting agencies’ duty under the Fair Credit Reporting Act (FCRA) to assure maximum possible accuracy in consumer credit reports – free of “junk” […]
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 […]
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 […]
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 […]
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