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CFPB issues UDAAP guidance on contracts for consumer financial products and services | JD Supra
JD Supra· 12 hours agoOn June 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a Consumer Financial Protection Circular 2024-03 (“Circular”) warning that...
CFPB Aims to to Speed Shift to Open Banking in the U.S.
PYMNTS.com· 3 hours agoThe Consumer Financial Protection Bureau (CFPB) has taken another step in its push to accelerate...
CFPB issues warning on ‘fine-print tactics‘ used to ‘trick‘ consumers
HousingWire via Yahoo Finance· 1 day agoOn Tuesday, the CFPB released a circular warning companies that use "fine-print tactics to trick...
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
PYMNTS.com· 2 days agoThe registry is meant to help law enforcement across the United States identify and stop repeat...
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances...
Business Insider via Yahoo News· 5 days agoThe CFPB is requesting that the court require PHEAA to provide relief to impacted consumers and pay...
CFPB creates registry to detect corporate repeat offenders
Retail Banker International via Yahoo Finance· 2 days agoThe new registry is part of the CFPB’s ongoing focus on holding lawbreaking companies accountable...
CFPB sues student loan servicer PHEAA for pursuing borrowers for loans discharged in bankruptcy
Retail Banker International via Yahoo Finance· 5 days agoFurther, it seeks redress to borrowers it has harmed and payment of a civil penalty. “PHEAA has...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 23 hours agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify ...
Consumer protection agency goes after ‘repeat offenders’
The Hill· 2 days ago“Too often, financial firms treat penalties for illegal activity as the cost of doing business,” ...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 1 day agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...