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CFPB issues rule to classify BNPL as credit cards - CUInsight
CUInsight.com· 3 days agoThe CFPB Wednesday announced an interpretive rule to apply some, but not all, of the consumer...
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
PYMNTS.com· 4 days agoThe Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the...
CFPB Shuts Down Debt Relief Provider Over Fraudulent Student Loan Practices
The National Law Review· 2 days agoOn May 20, the CFPB settled an enforcement action against a California-based telemarketing firm for...
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 ...
JD Supra: CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads’ Employment...
JD Supra· 2 days agoInstitute of Technology, and its CEO, Austen Allred, for mischaracterizing BloomTech’s income-share agreements (ISAs) and misrepresenting its graduates’ employment rates. According to the < ...
Was it a pyrrhic victory for the Supreme Court in CFSA v. CFPB? | JD Supra
JD Supra· 3 days agoLeft untouched by the Supreme Court is the statutory question of whether the CFPB and the Federal Reserve Board complied with the requirements of Dodd-Frank in connection ...
The CFPB Lives On and Arbitrable Lawsuits Must Be Stayed (Not Dismissed) | JD Supra
JD Supra· 5 days agoThe Supreme Court was busy last week issuing opinions of interest to consumer finance companies, CFPB-regulated entities, and anyone who finds themselves enforcing arbitration ...
Updated: CFPB Extends Sec. 1071 Compliance Deadlines After Surviving Community Financial | JD Supra
JD Supra· 6 days agoUPDATE: Minutes after the below QuickStudy was published, the CFPB declared that it will issue an interim final rule to extend compliance deadlines for the Final Rule. The ...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 6 days agoThe Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and...
Supreme Court Upholds CFPB Funding Structure, Clears Way for Payday Lending Rule Implementation | JD...
JD Supra· 6 days agoThe issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under ...