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CFPB Finalizes Rule to Track Nonbank ‘Repeat Offenders’ | JD Supra
JD Supra· 6 days agoOn June 3, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule requiring covered nonbanks – generally nonbanks that are “covered persons” under the ...
JD Supra: CFPB Takes Action Against Fintech Company for Alleged Withholding of Consumer Refunds
JD Supra· 6 days agoOn May 7, 2024, the CFPB imposed a total of $4.6 million in redress and fines on the Company for allegedly withholding account-closure refunds to its consumers for an unreasonable...
CFPB to Begin Tracking Offenders through National Registry | JD Supra
JD Supra· 3 days agoThe CFPB has issued a final rule to provide transparency and track certain covered nonbank offenders. On June 3, 2024, the CFPB introduced a significant ...
CFPB warns financial institutions: Be careful of using unlawful 'fine print' - CUInsight
CUInsight.com· 2 days agoCredit unions and other financial institutions had better be careful about what they place in the...
CFPB Circular Targets “Deceptive” Fine Print | JD Supra
JD Supra· 3 days agoOn June 4, the CFPB issued a circular targeting the deceptive use of fine print in consumer financial contracts to include unlawful or unenforceable terms. In a press release ...
A reply to Professor Sovern’s arguments as to why the Fed, notwithstanding its losses, can still...
JD Supra· 2 days agoAlthough neither the CFPB, the Federal Reserve Board, nor the Treasury has responded to Professor Emeritus Hal Scott’s op-ed on May 20 in the Wall Street Journal, my interview ...
JD Supra: "OVER THE LINE!" Where Banking and Gaming Intersect, the CFPB Has Something to Say.
JD Supra· 5 days agoIn some circumstances, virtual currency can be used for real-world transactions, such as wagering skins or virtual currency or cashing out and receiving real money. According to the Consumer ...
Reverse mortgage consumer complaints decline on a yearly basis: CFPB - HousingWire
HousingWire· 2 days agoThere were a total of 131 consumer complaints submitted to the Consumer Financial Protection Bureau...
CFPB Proposes to Ban Medical Bills From Credit Reports
The Wall Street Journal· 2 days agoThe agency said the proposal would help keep debt collectors from coercing payments for inaccurate...
Feds go after companies that put 'gotchas' in their fine print
Consumer Affairs· 6 days agoJust ask the Consumer Financial Protection Bureau (CFPB). The agency has issued a circular...