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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...
JD Supra: CFPB Enters Consent Order Against BloomTech Over Misleading Income-Share Agreements
JD Supra· 16 hours 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 ...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 1 day agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...
JD Supra: CFPB Backs Connecticut and California Bills to Prohibit Medical Debt Reporting
JD Supra· 17 hours agoRecently, the Consumer Financial Protection Bureau (CFPB or Bureau) submitted letters to senators in Connecticut and California supporting their proposals to prohibit medical ...
The Consequences of the US Supreme Court’s Decision Upholding the CFPB’s Funding Structure | JD...
JD Supra· 1 day agoOn May 16, 2024, the US Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s (“CFPB”) funding structure in a decision that will have significant ...
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 19 hours agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
The CFPB Determines "Buy Now, Pay Later" Providers Are Card Issuers under Regulation Z | JD Supra
JD Supra· 1 day agoYesterday, the Consumer Financial Protection Bureau (CFPB) released an interpretive rule stating that “Buy Now, Pay Later” (BNPL) providers are “card issuers” and “creditors ...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 1 day agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
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...
JD Supra: CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads’ Employment...
JD Supra· 19 hours 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 < ...