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Buy now, pay later programs must adhere to credit card standards, consumer agency says
KOAA5· 5 days agoThe Consumer Financial Protection Bureau said Wednesday in a new rule that buy now, pay later...
CFPB Late Fee Lawsuit Moved Back to DC Court
PYMNTS.com· 3 days agoThis round of jurisdictional ping pong goes to the CFPB. A federal judge in Texas has bounced a lawsuit challenging the consumer protection agency’s...
CFPB Hits Student Loan Servicer Over Bankruptcy-Discharged Loans
Bloomberg Law· 14 hours agoA major student loan servicer is facing an enforcement action from the Consumer Financial Protection Bureau alleging it falsely reported students’ debt to consumer credit reporting companies ...
Trump’s VP: A harbinger of the new GOP
Politico· 2 days agoThe bureau plans to seek public input. “Junk fees and excessive closing costs can drain downpayments and push up monthly mortgage costs,” CFPB Director Rohit Chopra ...
CFPB Announces New Protections for Buy Now, Pay Later: What This Means For You
US News & World Report· 4 days agoNew CFPB guidance gives consumers the right to dispute buy now, pay later charges. Borrowers will also be entitled to receive a refund for returned products or canceled services purchased with ...
CFPB Director Targets Credit Reporting Fees | JD Supra
JD Supra· 4 days agoThe CFPB is continuing its crusade against so called “junk fees,” and now is looking at crediting reporting fees. In a May 20 speech to the Mortgage Bankers Association, Director Rohit ...
‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule
New York Times· 20 hours agoShoppers who use the popular installment loans will be guaranteed some of the same consumer protections that traditional credit cards provide. Borrowers of the popular “buy now, pay later” installment ...
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
PYMNTS.com· 2 days agoThe Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. Closing costs have risen sharply in recent years, the CFPB said in a ...
Consumer Financial Protection Bureau (CFPB) Takes Action to Ensure Consumers Can Dispute Charges and...
Sierra Sun Times· 6 days agoWASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) last week issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, ...
If You Closed Your Chime Account, You Might Be Owed $150
CNET· 4 days ago“Chime’s customers had to wait weeks or months for access to their own money and were forced to use...
