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CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 3 days agoOn April 24, 2024 the CFPB published a data spotlight on overdraft and non-sufficient funds (NSF) fee revenue and practices, analyzing the revenue these ...
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...
BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Electronic Payments via Yahoo Finance· 4 days agoProvide billing statements: Consumers must receive periodic billing statements like the ones...
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 ...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 2 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 3 days agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
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 ...
Federal Agency Cracks Down on Buy Now, Pay Later — What Does It Mean for Shoppers?
Fashionista via Yahoo Finance· 4 days agoBefore announcing this new interpretation — which will go into effect in two months — the CFPB spent...
Consumer Watchdog: Buy Now, Pay Later Apps Must Play by Same Rules as Credit Cards
Sourcing Journal via Yahoo Finance· 3 days agoThe Consumer Financial Protection Bureau this week issued an interpretive rule establishing BNPL...
Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2024 # 3 | JD Supra
JD Supra· 5 days agoOn May 20, the Consumer Financial Protection Bureau (CFPB) took action against Western Benefits Group for allegedly charging illegal advance fees for student loan debt relief ...