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CFPB Aims to to Speed Shift to Open Banking in the U.S.
PYMNTS.com· 2 days agoThe Consumer Financial Protection Bureau (CFPB) has taken another step in its push to accelerate...
CFPB issues UDAAP guidance on contracts for consumer financial products and services | JD Supra
JD Supra· 3 days agoOn June 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a Consumer Financial Protection Circular 2024-03 (“Circular”) warning that...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 3 days agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify who benefits ...
US Financial Watchdog Announces Registry of Nonbank Corporate Offenders
US News & World Report· 4 days ago"Too many American families and businesses have been harmed by repeat offenders in a rinse repeat cycle of illegal activity where bad actors see fines and penalties as just the cost of doing ...
Federal government questions rising mortgage closing costs
Fox local via AOL· 2 days ago"Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs. The CFPB is looking for ways to reduce anticompetitive fees that harm both homebuyers and lenders ...
Open Banking Standards to Include Consumer Voice, CFPB Says (1)
Bloomberg Law· 3 days agoIndustry bodies seeking to set standards for consumers to share their banking data will have to include consumer advocates and small companies alongside banks and larger financial firms in their ...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 3 days agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...
CFPB Warns Against Deception in Contracts for Consumer Financial Products and Services | JD Supra
JD Supra· 2 days agoOn June 4, 2024, the Consumer Financial Protection Bureau issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products ...