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The Biden administration is planning to eliminate medical debt from credit reports of millions of...
Yahoo News· 6 days agoMedical debt is the largest source of debt in collections, according to the ...Americans had $2,000...
The CFPB’s next funding fight
Politico· 7 days agoUnder the 2010 Dodd-Frank law that created the bureau, the CFPB is supposed to draw its budget ...
Opinion: The credit reporting system shouldn’t punish Americans for getting sick
CNN via Yahoo Finance· 16 hours agoOver the past year, the CFPB received almost a million consumer complaints about junk data...
CFPB proposes to ban medical bills from credit reports
Retail Banker International via Yahoo Finance· 6 days agoDespite these voluntary industry changes, 15 million Americans still have $49bn in outstanding...
Yet another BNPL outfit bites the dust: Laybuy collapses
Retail Banker International via Yahoo Finance· 7 hours agothe CFPB has taken notice. This is just the beginning of the CFPB’s regulation of the& ...
CFPB Creates Corporate Nonbank Enforcement Registry | JD Supra
JD Supra· 7 days agoThe Rule, first proposed in December 2022, would require nonbank firms to begin reporting to the CFPB when they become ...
CFPB Releases Proposal to Remove Medical Debt from Credit Reports | JD Supra
JD Supra· 5 days agoThe rulemaking reflects CFPB Director Rohit Chopra’s longstanding view that medical debt has “relatively limited predictive value” in credit reporting, ...
CFPB proposes final rule for registering nonbanks for supervision | JD Supra
JD Supra· 7 days agoOn June 3, the CFPB issued a final rule to require the registration and reporting of nonbank financial institutions that have been subject ...
Supreme Court Says 'Yes” to Consumer Protection, 'No' to Payday Lenders 7-2 Decision Upholds CFPB’s...
Skanner· 4 days agoThe May 16 decision in the case formally known as Consumer Financial...Association of America LTD, ET AL refuted arguments by the billion-dollar ...
A reply to Professor Sovern’s arguments as to why the Fed, notwithstanding its losses, can still...
JD Supra· 7 days agoAlthough neither the CFPB, the Federal Reserve Board, nor the Treasury has responded to Professor Emeritus Hal Scott ...