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US consumer watchdog fines Chime $3.25 million for delaying refunds
Reuters via Yahoo News· 7 days agoThe fine is another example of the CFPB's increasing scrutiny of financial technology companies. The...
JD Supra: CFPB issues new circular on deceptive practices in connection with marketing remittance...
JD Supra· 3 days agoThe CFPB issued a new circular advising remittance transfer providers that false advertising about the cost or speed of sending remittance transfers can be considered a violation ...
CFPB Settles Action Against Student Loan Servicer and Securitization Trusts | JD Supra
JD Supra· 1 day agoOn May 6, 2024, the CFPB resolved an enforcement action against a group of Delaware student loan trusts and a loan servicer (found here and here) for their failures to adequately ...
CFPB Announces Proposed Rule Regarding Nonsufficient Funds Fees | JD Supra
JD Supra· 1 day agoOn Wednesday, January 24, 2024, the Consumer Financial Protection Bureau (CFPB) announced a Proposed Rule aimed at blocking nonsufficient funds (NSF) fees on debit card, ATM ...
CFPB Targets Credit Card Rewards Programs | JD Supra
JD Supra· 1 day agoThe report was released in conjunction with a hearing co-hosted with the Department of Transportation and featured remarks from Director Chopra and Secretary of Transportation Pete Buttigieg ...
Student loan update: Borrowers may get millions after alleged failures
Newsweek· 4 days agoThe Consumer Financial Protection Bureau (CFPB) on Monday filed a complaint against two major...
Consumer Financial Protection Bureau (CFPB) Report Highlights Consumer Frustrations with Credit Card...
Sierra Sun Times· 4 days agoWASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has issued a new report finding...
Regulators take aim at airline credit-card reward programs - The Business Journals
The Business Journals· 4 hours agoThe nation's major airlines are drawing heat over their branded credit-card reward programs, with federal regulators targeting consumer complaints that claim many perks don't live up to the ...
CFPB Takes Action Against Fintech Company for Alleged Withholding of Consumer Refunds | JD Supra
JD Supra· 6 days agoThe Consumer Financial Protection Bureau ("CFPB") issued a Consent Order against a San Francisco-based fintech company ("Company") that provides checking and savings accounts ...
Biden administration fines online banker Chime $4.55 million over delayed refunds to customers
NBC NEWS· 7 days ago“Chime’s customers had to wait weeks or months for access to their own money and were forced to use...
