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CFPB sues student loan servicer PHEAA for pursuing borrowers for loans discharged in bankruptcy
Retail Banker International via Yahoo Finance· 6 days agoThe Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher...
New CFPB Interpretive Rule to Regulate BNPL | JD Supra
JD Supra· 3 days agoThe Consumer Financial Protection Bureau (CFPB ) has issued an interpretive rule stating that Buy Now, Pay Later (BNPL) loan providers are "card issuers" under Subpart B of ...
CFPB Files Suit Against Student Loan Servicer | JD Supra
JD Supra· 6 days agoOn May 31, 2024, the CFPB announced that it had filed suit against a Pennsylvania-based student loan servicer for engaging in allegedly unfair, deceptive and abusive acts ...
CFPB Applies Consumer Credit Card Protections to Buy Now, Pay Later Plans | JD Supra
JD Supra· 3 days agoBuy Now, Pay Later (“BNPL”) payments are often presented by retailers and BNPL lenders to consumers as an alternative to traditional credit card...
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
PYMNTS.com· 3 days agoThe Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of...
CFPB Issues Final Rule Creating Nonbank Enforcement Action Registry | JD Supra
JD Supra· 2 days agoThe CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require ...
US financial watchdog announces registry of nonbank corporate offenders
Reuters via Yahoo Finance· 4 days ago"Too many American families and businesses have been harmed by repeat offenders in a rinse repeat...
U.S. Supreme Court Upholds CFPB’s Funding Mechanism as Constitutional | JD Supra
JD Supra· 4 days agoBureau v. Community Financial Services Association of America, determining once and for all that the Consumer Financial Protection Bureau’s (“CFPB”) self-funding mechanism ...
CFPB Pursues Enforcement Action Following HMDA Reporting Inaccuracies
The National Law Review· 7 days agoOn May 16, the CFPB filed a motion for summary judgement in the U.S. District Court in the Southern District of Florida seeking a $20 million civil penalty against a California-based ...
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances...
INSIDER via Yahoo News· 7 days agoRohit Chopra, director of the Consumer Financial Protection Bureau (CFPB).Michael A. McCoy/Getty...