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How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 1 day agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...
CFPB proposes new BNPL protections
Axios· 3 days agoThe rule would formalize conventions that have informally been in place for some time.
JD Supra: CFPB Enters Consent Order Against BloomTech Over Misleading Income-Share Agreements
JD Supra· 1 day agoOn April 17, the Consumer Financial Protection Bureau (CFPB or Bureau) entered a consent order against BloomTech, a for-profit vocational school, and its CEO, Austen Allred ...
CFPB tightens rules for buy now, pay later lenders
FOX Business· 3 days agoThe Consumer Financial Protection Bureau (CFPB) announced Wednesday it will impose some of the same rules on buy now, pay later (BNPL) lenders that apply...
CFPB sues SoLo Funds, alleging it concealed costs from borrowers
Banking Dive via Yahoo Finance· 3 days agoThe fintech's tip structure inflates the APR on loans, but most loans aren't funded unless a tip is...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
CNBC· 3 days agoRohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on...
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 1 day agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 2 days agoOn May 13, 2024, the CFPB and Federal Reserve Board ("FRB") jointly announced adjusted dollar amounts relating to the availability of customer funds. In 2019, the
CFPB Goes on Offense, Faces New Challenges After High Court Win
Bloomberg Law· 4 days agoCourt. Its director, Rohit Chopra, said enforcement is now “firing on all cylinders.” The Supreme Court’s decision will have immediate and significant impact on the consumer finance industry ...
JD Supra: CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads’ Employment...
JD Supra· 1 day agoInstitute of Technology, and its CEO, Austen Allred, for mischaracterizing BloomTech’s income-share agreements (ISAs) and misrepresenting its graduates’ employment rates. According to the < ...