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CFPB Director Targets Credit Reporting Fees
The National Law Review· 21 hours agoThe CFPB is continuing its crusade against so called “junk fees,” and now is looking at crediting reporting fees. In a May 20 speech to the Mortgage Bankers Association, & ...
How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 1 day agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
CNBC· 3 days agoRohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on...
The Consequences of the US Supreme Court’s Decision Upholding the CFPB’s Funding Structure | JD...
JD Supra· 1 day ago...Appropriations Clause of the US Constitution.1 The Supreme Court’s decision will likely spark an intensification in the CFPB’s enforcement and rulemaking activities, as evidenced by CFPB Director Rohit Chopra’s statement after the decision that the agency will now be “firing on all cylinders” and...
CFPB Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 5 days agoOn May 9, 2024, the CFPB released a comprehensive report detailing its findings on challenges reported by consumers regarding their credit card rewards programs. This report ...
CFPB tightens rules for buy now, pay later lenders
FOX Business· 3 days agoUnder an interpretive rule, the federal watchdog classified BNPL lenders as credit card providers, requiring them to allow consumers the right to dispute...
CFPB Hints at Future Regulatory Action Targeting Credit Card Rewards Programs | JD Supra
JD Supra· 5 days agoThe same day, the CFPB and the Department of Transportation held a joint hearing to examine airline and credit card rewards programs. The four recurring issues highlighted ...
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
PYMNTS.com· 3 days ago“Regardless of whether a shopper swipes a credit card or uses buy now, pay later, they are entitled...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 5 days agoIn prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit ...
CFPB Updates Rules For BNPL Providers, Creates Same Protections For Consumers As Credit Cards |...
Crowdfund Insider· 2 days agoThe CFPB’s new rule aims to ensure that consumers have the same legal protections and rights that apply to conventional credit cards. CFPB Director ...