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BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Electronic Payments via Yahoo Finance· 4 weeks agoThe Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that BNPL...
Consumers hurt by illegal junk fees for bank accounts, loans and mortgages, CFPB report finds
USA TODAY via Yahoo Finance· 1 year agoConsumers have been socked with myriad illegal junk fees in bank deposits, auto loans, mortgages,...
A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory'...
INSIDER via Yahoo News· 11 months agoRohit Chopra, the director of the Consumer Financial Protection Bureau, at Senate committee hearing...
CFPB signals that regulation is coming for BNPL
TechCrunch· 2 years agoIn a shot across the bow to the buy now, pay later (BNPL) industry, the U.S. Consumer Financial Protection Bureau (CFPB) today issued a report suggesting...
Federal Agency Cracks Down on Buy Now, Pay Later — What Does It Mean for Shoppers?
Fashionista via Yahoo Finance· 4 weeks agoPhoto: Edward Berthelot/Getty Images As buy now, pay later (BNPL) services continue to lure in...
Fintech lender SoLo Funds is being sued by the government over its lending practices
TechCrunch· 1 month agoThe Consumer Financial Protection Bureau (CFPB) is suing SoLo Funds, a fintech company that enables...
A student-loan company's 'abysmal servicing' for public servants requires a federal investigation, a...
INSIDER via Yahoo News· 2 years agoSenator Bob Menendez (D-NJ).Alex Brandon-Pool/Getty Images Sen. Bob Menendez urged the CFPB to...
Watchdog head: Fines may not stop bad behavior by companies
Associated Press via Yahoo News· 2 years agoIn an interview with The Associated Press, Rohit Chopra signaled that the Consumer Financial...
U.S. Bank fined $36M over freezes of COVID-era unemployment benefits
Banking Dive via Yahoo Finance· 6 months agoU.S. Bank will pay nearly $36 million in connection with customers’ inability to access unemployment...
US watchdog wants Apple Pay regulated like a bank
AppleInsider via Yahoo Finance· 7 months agoApple Pay on an Apple Watch The US Consumer Financial Protection Bureau has proposed that digital wallets such as Apple Pay should be regulated, and...