The federal agency charged with consumer financial protection on Friday published an updated diversity and inclusion strategic plan covering the period of fiscal 2019 to fiscal 2022. The Consumer Financial Protection Bureau (CFPB) says its […]
Comments collected in last year’s “call for evidence” from the federal consumer financial protection agency resulted in 1,750 separate issues related to rulemaking, the director of the agency told a Washington group Thursday – and, […]
More than one-in-four consumers with a credit report have at least one debt in collection by the nation’s 9,330 third-party debt collectors and buyers, according to a report issued this week by the federal consumer […]
Suspicion that an older adult is the target or victim of financial exploitation should be reported by financial institutions to local, state or federal authorities – including through use of a Suspicious Activity Report (SAR) […]
Expectations about reasonable procedures for assuring maximum possible accuracy, and reasonable investigations of consumer disputes, should be communicated to consumer reporting agencies (CRAs) by the federal consumer financial protection agency, the congressional watchdog said in […]
About 40 organizations that serve “economically vulnerable” populations are being sought by the federal consumer financial protection agency in an effort to help the organizations introduce financial capability topics to the people that the serve. […]
Legislation that aims for more flexibility in fees charged for appraisals, establishes federal consumer financial protection agency oversight in development of credit scoring models, and that mandates the title of “chair” (rather than chairman) for […]
A settlement that orders $20 million in restitution to affected consumers, and a $5 million civil money penalty (CMP) has been reached between a large debt-settlement services company and the federal consumer financial protection agency, […]
Title: Availability of Funds and Collection of Checks (Regulation CC) Subject: Reg CC Agency: CFPB, Federal Reserve Status: Final rule Summary: The Board and the Bureau (Agencies) are amending Regulation CC, which implements the Expedited […]
Two-thirds of actively used credit card accounts carry a revolving balance, with balances revolved continuously for about 10 months, according to a “Data Point” report issued by the research unit of the Consumer Financial Protection […]
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