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Did the CFPB Create New Obligations for Mortgage Servicers in Its Supervisory Highlights Report?
The National Law Review· 13 hours agoWhile the Spring 2024 Supervisory Highlights report issued by the Consumer Financial Protection Bureau (CFPB) largely covered loss mitigation deficiencies and fee practices ...
JD Supra: CFPB, federal and state agencies to enhance tech capabilities
JD Supra· 10 hours agoOn March 26, the CFPB announced as a part of a coordinated statement with other federal and state agencies, the intent to enhance its technological capabilities. As part of ...
Apple, Google and Venmo fight new U.S. plan to monitor payment apps
Washington Post via Yahoo Finance· 13 hours agoThe U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like...
Court directs Texas judge to decide CFPB credit card fee case by May 10
Reuters· 13 hours agoA federal appeals court has directed a judge in Texas to decide by the end of next week whether to...
Wiley Consumer Protection Download (April 30, 2024) | JD Supra
JD Supra· 23 hours agoCFPB Releases Updated Supervisory Designation Procedures. On April 16, the CFPB issued a procedural rule to update how the agency designates a nonbank for ...
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
PYMNTS.com· 1 day agoThe more complex a pricing structure, the more likely consumers are to pay more for products like...
CFPB Identifies Significant Financial and Privacy Risks in Video Gaming Marketplaces | JD Supra
JD Supra· 2 days agoThe Consumer Financial Protection Bureau (CFPB) recently released a comprehensive report detailing growing financial transactions within video gaming and virtual worlds, which ...
CFPB Says Health Savings Account Junk Fees Cause Harm to Workers
Bloomberg Law· 8 hours agoFees charged for health savings accounts, tax advantaged accounts used by consumers to pay health-care expenses, “often eat away at the benefits that Congress intended to provide,” according ...
HSA account holders hurt by high fees, low yields — CFPB
Pensions & Investments· 12 hours ago“Health savings accounts typically offer low interest yields,” said Rohit Chopra, the CFPB’s director, in a news release accompanying an agency report analyzing the HSA industry ...
CFPB Files Cross-Motion for Summary Judgment in Texas Small Business Lending Rule Lawsuit | JD Supra
JD Supra· 3 days agoThe CFPB (or “Bureau”) filed a cross-motion for summary judgment in the lawsuit regarding the small business lending data collection and reporting rule, also known as the ...