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CFPB issues rule to classify BNPL as credit cards - CUInsight
CUInsight.com· 3 days agoThe CFPB Wednesday announced an interpretive rule to apply some, but not all, of the consumer...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 3 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 6 days agoThe Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and...
Was it a pyrrhic victory for the Supreme Court in CFSA v. CFPB? | JD Supra
JD Supra· 4 days agoLeft untouched by the Supreme Court is the statutory question of whether the CFPB and the Federal Reserve Board complied with the requirements of Dodd-Frank in connection ...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 6 days agoThis is according to Deborah Royster, an assistant director in the Office of Older Americans at the...
Supreme Court Upholds CFPB Funding Structure, Clears Way for Payday Lending Rule Implementation | JD...
JD Supra· 7 days agoThe issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under ...
JD Supra: CFPB Backs Connecticut and California Bills to Prohibit Medical Debt Reporting
JD Supra· 2 days agoRecently, the Consumer Financial Protection Bureau (CFPB or Bureau) submitted letters to senators in Connecticut and California supporting their proposals to prohibit medical ...
CFPB proposes new BNPL protections
Axios· 4 days agoThe rule would formalize conventions that have informally been in place for some time.
The CFPB Lives On and Arbitrable Lawsuits Must Be Stayed (Not Dismissed) | JD Supra
JD Supra· 6 days agoThe Supreme Court was busy last week issuing opinions of interest to consumer finance companies, CFPB-regulated entities, and anyone who finds themselves enforcing arbitration ...
CFPB Rules Buy Now, Pay Later Lenders Must Offer Key Credit Card Protections | JD Supra
JD Supra· 4 days agoAmong other things, this classification would require BNPL and other lenders to extend many of the same legal protections and rights to consumers that apply to traditional credit cards, including ...