Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Three of the nation’s largest banks brought in more than two of every five dollars charged in overdraft fees in 2019, while smaller financial institutions – which charged less on average – were also heavily […]
New debt collection rules adopted by the federal consumer financial protection agency went into effect Tuesday, the agency noted in a blog entry laying out five key points to know about the regulation. According to […]
Amounts above, or below, which certain federal disclosure, interest rate, fee, and other requirements and limitations apply for consumer leases, consumer credit, and higher-priced mortgage loans (HPMLs) are revised up nearly 5% for 2022 under […]
A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, […]
A voluntary assessment of its Home Mortgage Disclosure Act (HMDA) rule – covering everything from the 2015 rule through last year’s revisions – is being undertaken by the Consumer Financial Protection Bureau (CFPB), which is […]
Concerned that some former agency employees are exploiting confidential information to make money, the director of the federal consumer financial protection issued guidance Friday calling on current workers to report suspicious activity. In a blog […]
A database debt collectors can tap to help ensure the data they use for communications with consumers passes a regulatory smell test has been published by the Federal Communications Commission, according to an email notice […]
The financial statements of the Consumer Financial Protection Bureau (CFPB) for fiscal years ending 2021 and 2020 were given an unmodified (or “clean”) audit opinion by the Government Accountability Office (GAO), according to a report […]
The threshold adjusts to 200 open-end lines of credit for reporting mortgage disclosure data at the start of the new year, the federal consumer financial protection agency reminded Friday. In a publicly released letter, the […]
Allegations of Military Lending Act (MLA) violations by pawn lenders First Cash, Inc., and its wholly owned subsidiary Cash America West, Inc., are at the root of a lawsuit filed Friday by the Consumer Financial […]
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