Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]
Rohit Chopra’s nomination to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) is ready for Senate action following the chamber’s vote Tuesday to discharge the nomination from the Senate Banking Committee. […]
Updated rosters of members for four advisory councils of the federal consumer financial protection agency were published Wednesday, the result of an application process that began at year’s start. The Consumer Financial Protection Bureau (CFPB) […]
A California-based software company that helps credit repair businesses allegedly charge illegal fees now faces a lawsuit from the federal consumer financial protection agency for harming consumers and violating federal telemarketing sales rules, the agency […]
Millions of renters and their families may suffer previously avoided economic harms of the coronavirus crisis as federal and state relief programs end, the federal consumer financial protection agency warned in a report issued Friday. […]
Existing laws and regulations provide banks and other supervised entities regulatory flexibility to take certain actions that can benefit consumers in communities under stress from disasters or emergencies and hasten recovery, the consumer financial protection […]
An Oakland, Calif.-based online lending firm faces a lawsuit – again – from the federal consumer financial protection agency for allegedly misrepresenting products and services and for failing to provide adverse-action notices to applicants, the […]
Allegedly misleading borrowers about income share agreements (ISAs) has led a Virginia-based student lender to face action from the federal consumer financial protection agency – but no financial penalties, the agency said Tuesday. According to […]
Helping regulators and the public better understand the business lending market is the aim of a new rule unveiled last week by the federal consumer financial protection agency, according to its acting director. The proposed […]
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