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JD Supra: CFPB’s Frotman speaks on medical debt collections and rental financial products
JD Supra· 4 days agoAs to medical billing, collections, and credit reporting, Frotman noted that the CFPB has received more than 15,000 complaints in the past two years, as ...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 6 days agoIn addition, if a consumer has concerns or questions about a reverse mortgage, a loan product, they...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 2 days 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 ...
CFPB Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 6 days agoOn May 9, 2024, the CFPB released a comprehensive report detailing its findings on challenges reported by consumers regarding their credit card rewards programs. This report ...
CFPB Files Lawsuit Against SoLo Funds for Alleged Deceptive Lending Practices | JD Supra
JD Supra· 4 days agoLast week, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a complaint against SoLo Funds, Inc., a fintech company operating a small-dollar ...
CFPB Orders Western Benefits Group to Cease Operations, Pay $400,000
PYMNTS.com· 6 days agoThe agency’s order also rescinds all the company’s existing agreements with consumers, the CFPB said...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 2 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
Buy now, pay later companies must adhere to credit card standards, CFPB says - Maryland Daily Record
The Daily Record· 3 days agoThe agency began an inquiry into the short-term lending industry two years ago, and it issued the...
CFPB Reports Troubling Trends in Credit Card Rewards Programs | JD Supra
JD Supra· 6 days agoCredit card rewards programs have become increasingly complex in recent years. Especially for credit cards with high annual fees, a key part of attracting interest comes from benefits such as ...
Consumer Financial Protection Bureau (CFPB) Sues Fintech SoLo Funds For "Deceiving" Borrowers |...
Crowdfund Insider· 6 days agoThe Consumer Financial Protection Bureau (CFPB) has sued the online lending platform SoLo Funds for claims the Fintech deceived borrowers about the total cost of loans. The ...