The federal consumer financial protection agency spent $2.75 billion in fiscal year (FY) 2023 to do its work, the congressional watchdog reported Wednesday while also giving the agency a “clean opinion” regarding its financial statements. […]
An online lender was ordered to pay $15 million for deceiving customers, withdrawing funds without consent and violating an earlier order, the federal consumer financial protection agency said Wednesday. Enova International Inc. of Chicago was […]
Consumer credit transactions and consumer leases of $69,500 or less will fall under reporting requirements of Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) in 2024 under new thresholds announced Monday by two […]
Fines and redress of nearly $26 million was assessed Wednesday against one of the largest banks in U.S. for discrimination of Armenian Americans, the federal consumer financial protection agency said. According to the Consumer Financial […]
Larger nonbank companies that offer digital payment apps and wallets – including Apple Pay and Google Pay – would be subject to the same rules as banks, including examinations, under a rule proposed Tuesday by […]
A report on state community reinvestment laws – which take their own approach, separate from federal law, to preventing redlining – was released Thursday by the federal consumer financial protection agency. The Consumer Financial Protection […]
A “fast facts” sheet on a proposal to give consumers ostensibly have control over data about their financial lives and aimed at giving consumers new protections against companies misusing their data was issued Wednesday by […]
Public meetings of the three councils that advise the Consumer Financial Protection Bureau (CFPB) on its responsibilities under federal consumer financial protection laws are slated for Nov. 14, 15, and 16, according to notices published […]
A proposed rule detailing how depository and nondepository entities must make consumers’ financial transaction and account data available to consumers and authorized others is out for comment until Dec. 29, according to a notice Tuesday […]
Title: Required Rulemaking on Personal Financial Data Rights Subject: Consumer access to data Agency: CFPB Status: Proposed rule Summary: The Consumer Financial Protection Bureau (CFPB) is proposing a rule to implement personal financial data rights […]
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