New CFPB leadership agrees to hold off on mass firings while lawsuit proceeds
Lawyers representing the acting director of the CFPB reached an agreement during a court conference Friday to temporarily ...
JD Supra5h
Q&A: What Will the CFPB Look Like Under McKernan?
On February 11, the White House announced Jonathan McKernan’s nomination as Director of the Consumer Financial Protection Bureau (CFPB). McKernan ...
You can still report badly behaving banks to the CFPB
Trump officials halted work at the Consumer Financial Protection Bureau, but the agency's public portal for reporting ...
WWTI3d
Schumer: Democrats will use spending bills to curb Musk
Senate Democratic Leader Chuck Schumer (N.Y.) says Democrats will push for language in the spending bills that need to pass ...
What's at stake for consumers as Trump officials target the CFPB
The Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau risk leaving Americans’ nearly $18 ...
As Musk, Trump administration target CFPB, Democrats defend consumer watchdog's impact
The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard ...
The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from ...
TechCrunch14d
CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions ...
The National Law Review15d
CFPB Orders Remittance Company to Pay $2.5 Million for Deceptive Practices and Inaccurate Disclosures
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...
bankingdive15d
Trump-era CFPB has full plate following Chopra’s flurry of activity
Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...
Newsweek17d
Student Loan Borrowers Could Get $2.25 Million: Here's Who's Impacted
Federal student loan borrowers are not eligible. The settlement stems from years of legal wrangling following a 2017 CFPB complaint alleging NCSLT filed lawsuits using false or misleading ...