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www.nytimes.com
6 days ago
Business

Judge Blocks New U.S. Rule Limiting Credit Card Late Fees

A new federal rule to cap late credit card payment fees at $8 per month was temporarily blocked by a federal judge in Fort Worth.
The rule, estimated to save American households $10 billion yearly, faced opposition from bank and credit card company lobbyists who deem it unconstitutional. [ more ]
www.nytimes.com
14 hours ago
US news

Supreme Court Rejects Challenge to Consumer Watchdog's Funding

The Supreme Court rejected a challenge to the funding of the Consumer Financial Protection Bureau, preserving the agency's ability to regulate financial practices. [ more ]
www.nytimes.com
5 hours ago
Law

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

The Supreme Court's ruling allows the Consumer Financial Protection Bureau to resume court cases but doesn't eliminate all legal obstacles. [ more ]
The Verge
1 month ago
Privacy professionals

The CFPB wants to rein in data brokers

CFPB plans to regulate data brokers under FCRA for consumer data protection. [ more ]
Future of Privacy Forum
3 months ago
Privacy professionals

FPF Files Comments with the Consumer Financial Protection Bureau Regarding Personal Financial Data Rights - Future of Privacy Forum

The Future of Privacy Forum filed comments with the CFPB in response to proposed rulemaking on personal financial data rights.
FPF's recommendations include developing industry standards for privacy rules, supporting an opt-in standard, and prohibiting screen scraping of data. [ more ]
WSJ
5 months ago
Privacy professionals

Opinion | The CFPB Targets an Antiterror Tool

The Consumer Financial Protection Bureau is considering a proposal to ban credit-reporting companies from selling credit-header data to law enforcement agencies.
The proposal would force law enforcement officers to subpoena this information instead of obtaining instant access.
The CFPB's move could hinder law enforcement agencies' ability to quickly gather necessary information for investigations. [ more ]
www.bostonherald.com
2 months ago
Public health

With medical debt burdening millions, a financial regulator steps in to help

CFPB expanding to protect patients from medical debt.
Rules being developed to exclude medical debt from consumer credit reports. [ more ]
www.npr.org
2 months ago
Public health

Why a financial regulator is going after health care debt

CFPB is introducing regulations to exclude medical debt from credit reports.
CFPB under Director Rohit Chopra is focusing on protecting consumers from financial strains due to medical bills. [ more ]
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