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CFPB’s New Interpretive Rule Takes Aim at BNPL Payment Plans: Practical Takeaways | JD Supra
JD Supra· 3 days agoThis interpretive rule is the first step the CFPB has taken to regulate the growing BNPL industry. The CFPB is accepting comments on this interpretive rule ...
Consumer watchdog creates corporate ‘repeat offender’ registry
The Hill via Yahoo Finance· 4 days agoThe federal government’s top consumer watchdog is establishing a registry to track companies and...
Open banking, open opportunities: How credit unions can thrive in the age of tech giants & B2C...
CUInsight.com· 13 hours agoAll eyes have been on open banking following the Consumer Financial Protection Bureau (CFPB)’s...
CFPB Establishes New Obligations for Covered Nondepository Institutions Subject to Judicial or...
JD Supra· 3 days agoThe Bureau’s new rule creates a public registry of such orders dating back to January 1, 2017. It requires covered entities to submit the orders and information about them to populate the registry ...
CFPB To Create Public Record of Financial Company Wrongdoing
Investopedia· 5 days agoThe Consumer Financial Protection Bureau has finalized plans to launch a database detailing how...
CFPB says SCRA-related complaints are increasing | JD Supra
JD Supra· 3 days agoOn May 23, the CFPB published a blog post reporting that complaints from servicemembers, veterans, and their families significantly increased, with the total number of complaints ...
JD Supra: CFPB Issues Findings on Recent Changes in Medical Collections on Consumer Reports
JD Supra· 6 days agoEarlier this week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its second report detailing changes in the credit reporting of medical debts made by ...
CFPB to require nonbanks to register outside enforcement orders
Compliance Week· 4 days agoThe rule mandates nonbank financial companies register with the bureau when they become subject to a “written order imposing obligations based on violations of certain consumer protection laws ...
Where to Begin With the CFPB's "Buy Now, Pay Later" Interpretative Rule... | JD Supra
JD Supra· 4 days agoAlthough BNPL has conventionally been considered outside of Regulation Z's scope, the CFPB applies Regulation Z by characterizing digital user accounts, used by consumers ...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 3 days agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from ...