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How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 2 days agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...
CFPB sues SoLo Funds, alleging it concealed costs from borrowers
Banking Dive via Yahoo Finance· 4 days agoThe fintech's tip structure inflates the APR on loans, but most loans aren't funded unless a tip is...
CFPB tightens rules for buy now, pay later lenders
FOX Business· 4 days agoThe Consumer Financial Protection Bureau (CFPB) on Wednesday announced it will impose some of the same rules on buy now, pay later (BNPL) lenders that...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
CNBC· 4 days agoRohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on...
CFPB Goes on Offense, Faces New Challenges After High Court Win
Bloomberg Law· 4 days agoCourt. Its director, Rohit Chopra, said enforcement is now “firing on all cylinders.” The Supreme Court’s decision will have immediate and significant impact on the consumer finance industry ...
Challenging the CFPB After CFPB v. CFSA | JD Supra
JD Supra· 5 days agoCommunity Financial Services Association of America, Ltd., holding that the CFPB’s unique funding mechanism does not violate the Appropriations Clause of the Constitution.
JD Supra: CFPB Enters Consent Order Against BloomTech Over Misleading Income-Share Agreements
JD Supra· 1 day agoOn April 17, the Consumer Financial Protection Bureau (CFPB or Bureau) entered a consent order against BloomTech, a for-profit vocational school, and its CEO, Austen Allred ...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 2 days agoOn May 13, 2024, the CFPB and Federal Reserve Board ("FRB") jointly announced adjusted dollar amounts relating to the availability of customer funds. In 2019, the
Supreme Court Holds That CFPB’s Funding Is Constitutional, Clearing Way for Rulemaking Agenda
The National Law Review· 6 days agoGo-To Guide: On May 16, 2024, the U.S. Supreme Court held 7-2 that the Consumer Financial Protection...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 2 days agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...