#consumer-financial-protection-bureau
#consumer-financial-protection-bureau

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Capital One Is Accused of Cheating Customers Out of $2 Billion

Capital One is accused of misleading customers about high-yield savings accounts, costing them over $2 billion due to artificially low interest rates.

Most Americans Are Blind to How Much Banks Are Paying Today

Capital One is accused of deceptive advertising regarding interest rates on bank accounts, leading to customer confusion and potential losses.

The CFPB drops its lawsuit against Capital One, marking a major reversal

CFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.

Capital One Is Accused of Cheating Customers Out of $2 Billion

Capital One is accused of misleading customers about high-yield savings accounts, costing them over $2 billion due to artificially low interest rates.

Most Americans Are Blind to How Much Banks Are Paying Today

Capital One is accused of deceptive advertising regarding interest rates on bank accounts, leading to customer confusion and potential losses.

The CFPB drops its lawsuit against Capital One, marking a major reversal

CFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.

morecapital-one

#trump-administration

Trump memo calls for escalation of mass federal layoffs

Trump aims to significantly reduce the federal workforce, targeting agencies including the Consumer Financial Protection Bureau and Housing and Urban Development.

CFPB nominee McKernan grilled in Senate confirmation hearing

Democratic lawmakers question the nominee's future role amid ongoing scrutiny of the agency from the Trump administration.

Trump allies fear DOGE's methods to dismantle CFPB could backfire: report

Concerns among Trump aides indicate Musk's DOGE approach to reforming the CFPB may be too aggressive and risk legal repercussions.

'This is code red,' Warren says of Musk targeting CFPB

Sen. Elizabeth Warren defends the Consumer Financial Protection Bureau against attempts to dismantle it by the Trump administration and influential figures.

The CFPB has returned over $20 billion to consumers since its inception.

Trump Is Poised to Dismantle the Consumer Financial Protection Bureau

The future of the CFPB is uncertain under a Republican administration focused on limiting its authority over financial institutions.

Trump admin pulls hundreds of videos from CFPB's YouTube channel

The Consumer Financial Protection Bureau is experiencing significant resource cuts and a loss of online presence, impacting its consumer protection mission.

Trump memo calls for escalation of mass federal layoffs

Trump aims to significantly reduce the federal workforce, targeting agencies including the Consumer Financial Protection Bureau and Housing and Urban Development.

CFPB nominee McKernan grilled in Senate confirmation hearing

Democratic lawmakers question the nominee's future role amid ongoing scrutiny of the agency from the Trump administration.

Trump allies fear DOGE's methods to dismantle CFPB could backfire: report

Concerns among Trump aides indicate Musk's DOGE approach to reforming the CFPB may be too aggressive and risk legal repercussions.

'This is code red,' Warren says of Musk targeting CFPB

Sen. Elizabeth Warren defends the Consumer Financial Protection Bureau against attempts to dismantle it by the Trump administration and influential figures.

The CFPB has returned over $20 billion to consumers since its inception.

Trump Is Poised to Dismantle the Consumer Financial Protection Bureau

The future of the CFPB is uncertain under a Republican administration focused on limiting its authority over financial institutions.

Trump admin pulls hundreds of videos from CFPB's YouTube channel

The Consumer Financial Protection Bureau is experiencing significant resource cuts and a loss of online presence, impacting its consumer protection mission.

moretrump-administration

#elon-musk

How Federal Employees Are Fighting Back Against Elon Musk

Federal workers are actively resisting Elon Musk's team's penetration into government agencies through protests, resignations, and lawsuits.

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Elon Musk is shifting X.com towards becoming a digital wallet amidst regulatory scrutiny, leveraging government influence to reshape financial oversight.

Musk's crew descends on CFPB with plan to shut it down

Musk's efforts show a clear strategy to dismantle federal agencies by embedding personnel and cutting funding.

How Federal Employees Are Fighting Back Against Elon Musk

Federal workers are actively resisting Elon Musk's team's penetration into government agencies through protests, resignations, and lawsuits.

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Elon Musk is shifting X.com towards becoming a digital wallet amidst regulatory scrutiny, leveraging government influence to reshape financial oversight.

Musk's crew descends on CFPB with plan to shut it down

Musk's efforts show a clear strategy to dismantle federal agencies by embedding personnel and cutting funding.

moreelon-musk

#overdraft-fees

Overdraft fees would be slashed under new Biden administration rule. What you need to know

The new overdraft fee rule by CFPB could significantly lower the fees consumers face starting October 1.

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

New overdraft fee rule caps charges at $5, prompting banks to seek alternative revenue solutions and improve customer relationships.

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.

Overdraft fees would be slashed under new Biden administration rule. What you need to know

The new overdraft fee rule by CFPB could significantly lower the fees consumers face starting October 1.

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

New overdraft fee rule caps charges at $5, prompting banks to seek alternative revenue solutions and improve customer relationships.

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.

moreoverdraft-fees

#russell-vought

Federal Financial Watchdog Ordered to Cease Activity

The Consumer Financial Protection Bureau's operations have been halted by new directives from acting director Russell Vought.

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

The Consumer Financial Protection Bureau's headquarters is closed for a week, with employees instructed to work remotely following new leadership orders.

Federal Financial Watchdog Ordered to Cease Activity

The Consumer Financial Protection Bureau's operations have been halted by new directives from acting director Russell Vought.

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

The Consumer Financial Protection Bureau's headquarters is closed for a week, with employees instructed to work remotely following new leadership orders.

morerussell-vought

#consumer-protection

CFPB fines Wise $2.5M over remittance violations

Wise ordered to pay $2.5M for misleading fees and remittance practices in U.S.

Trump Administration Fires Consumer Bureau Chief Rohit Chopra

Rohit Chopra's tenure as director of the CFPB ended abruptly due to a presidential decision, emphasizing the agency's vulnerable independence.

CFPB fines Wise $2.5M over remittance violations

Wise ordered to pay $2.5M for misleading fees and remittance practices in U.S.

Trump Administration Fires Consumer Bureau Chief Rohit Chopra

Rohit Chopra's tenure as director of the CFPB ended abruptly due to a presidential decision, emphasizing the agency's vulnerable independence.

moreconsumer-protection

#regulation

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

Chopra aims to reshape banks' perspectives on the CFPB by introducing rules seen as beneficial, fostering some bipartisan agreement.

CFPB orders Wise to pay $2.5M for illegal remittance practices

The CFPB fined Wise $2.5 million for misleading customers about fees and failing to properly disclose exchange rates.

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

Chopra aims to reshape banks' perspectives on the CFPB by introducing rules seen as beneficial, fostering some bipartisan agreement.

CFPB orders Wise to pay $2.5M for illegal remittance practices

The CFPB fined Wise $2.5 million for misleading customers about fees and failing to properly disclose exchange rates.

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.

moreregulation

Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He's Hanging On

Rohit Chopra remains director of the C.F.P.B. despite calls for his removal amid ongoing enforcement actions.

Republicans want to reduce CFPB budget to $0 with new bill

Sen. Ted Cruz aims to defund the CFPB by introducing legislation that eliminates Federal Reserve budget transfers to it, using budget reconciliation to bypass typical Senate vote thresholds.

CFPB received fewer reverse mortgage complaints in 2024

A significant percentage of complaints from mortgage borrowers are related to foreclosure issues and communication with lenders.

#medical-debt

Biden administration announces a plan for removing medical debt from credit reports

Protection against medical debt impacting credit scores proposed by CFPB to help tens of millions of Americans with unaffordable medical bills.

Biden administration announces 'lifechanging' new rule for credit reports

Unpaid medical bills will be removed from credit reports to improve loan access for millions of Americans.

Biden Administration Moves to Ban Medical Debt From Credit Reports

The CFPB's new rule aims to ban medical debt from credit reports, potentially improving financial access for millions of Americans.

How removing unpaid medical bills from credit reports could help consumers

Lenders cannot consider unpaid medical bills in credit evaluations, improving credit scores for millions.

The new rule is aimed at aiding consumers disproportionately affected by medical debt.

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.

Biden administration announces a plan for removing medical debt from credit reports

Protection against medical debt impacting credit scores proposed by CFPB to help tens of millions of Americans with unaffordable medical bills.

Biden administration announces 'lifechanging' new rule for credit reports

Unpaid medical bills will be removed from credit reports to improve loan access for millions of Americans.

Biden Administration Moves to Ban Medical Debt From Credit Reports

The CFPB's new rule aims to ban medical debt from credit reports, potentially improving financial access for millions of Americans.

How removing unpaid medical bills from credit reports could help consumers

Lenders cannot consider unpaid medical bills in credit evaluations, improving credit scores for millions.

The new rule is aimed at aiding consumers disproportionately affected by medical debt.

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.

moremedical-debt

Trump will destroy the government agencies that most help working people | Katrina vanden Heuvel

The Republican party is increasingly targeting government agencies like the CFPB, which are designed to protect working people and consumers.

CFPB reports significant' drop in mortgage activity in 2023

Mortgage application and origination activity fell by one-third from 2022 to 2023, largely due to high interest rates.

#data-privacy

Meta discloses federal probe into its use of financial data for ads

CFPB is investigating Meta for improper use of financial data in advertising, reflecting increased scrutiny of Big Tech's financial practices.

CFPB targets sales of consumer information by data brokers

The CFPB's proposed rule seeks to protect consumer financial data by classifying data brokers as reporting agencies, enforcing stricter regulations.

Meta discloses federal probe into its use of financial data for ads

CFPB is investigating Meta for improper use of financial data in advertising, reflecting increased scrutiny of Big Tech's financial practices.

CFPB targets sales of consumer information by data brokers

The CFPB's proposed rule seeks to protect consumer financial data by classifying data brokers as reporting agencies, enforcing stricter regulations.

moredata-privacy

#fintech

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

The CFPB's finalized 1033 rule enables Open Banking in the US, granting consumers control over their financial data.

This regulatory change promotes competition, potentially disrupting traditional financial institutions.

At the country's biggest fintech conference, the U.S. election is the elephant in the room

The U.S. presidential election significantly impacts fintech businesses and regulations, yet it was largely ignored at Money20/20.

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

The CFPB's finalized 1033 rule enables Open Banking in the US, granting consumers control over their financial data.

This regulatory change promotes competition, potentially disrupting traditional financial institutions.

At the country's biggest fintech conference, the U.S. election is the elephant in the room

The U.S. presidential election significantly impacts fintech businesses and regulations, yet it was largely ignored at Money20/20.

morefintech

#legal-challenges

A Texas Judge's Fight to Keep a High Profile Case Out of His Court

Judge Mark Pittman ruled against the banks in a Texas venue case, asserting the case belongs in Washington, underscoring venue laws.

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.

A Texas Judge's Fight to Keep a High Profile Case Out of His Court

Judge Mark Pittman ruled against the banks in a Texas venue case, asserting the case belongs in Washington, underscoring venue laws.

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.

morelegal-challenges

Meta Threatened With CFPB Lawsuit Over Financial Product Ads

Meta Platforms is potentially facing enforcement action from the CFPB regarding its advertising practices for financial products.

#fair-credit-reporting-act

The CFPB wants to rein in data brokers

CFPB plans to regulate data brokers under FCRA for consumer data protection.

Worker surveillance must comply with credit reporting rules

The CFPB emphasizes that third-party employment reports must meet FCRA consent and transparency standards to protect workers from surveillance and algorithmic bias.

The CFPB wants to rein in data brokers

CFPB plans to regulate data brokers under FCRA for consumer data protection.

Worker surveillance must comply with credit reporting rules

The CFPB emphasizes that third-party employment reports must meet FCRA consent and transparency standards to protect workers from surveillance and algorithmic bias.

morefair-credit-reporting-act

#goldman-sachs

What the latest bad news for the Apple Card means for customers

Apple and Goldman Sachs ordered to pay $89 million for mishandling Apple Card customer disputes.

Here's Something Else Goldman-for-the-People Didn't Do Very Well

Goldman Sachs continues to struggle in the credit card business, particularly with the Apple Card, amid regulatory scrutiny and significant financial losses.

What the latest bad news for the Apple Card means for customers

Apple and Goldman Sachs ordered to pay $89 million for mishandling Apple Card customer disputes.

Here's Something Else Goldman-for-the-People Didn't Do Very Well

Goldman Sachs continues to struggle in the credit card business, particularly with the Apple Card, amid regulatory scrutiny and significant financial losses.

moregoldman-sachs

#open-banking

CFPB finalizes 'open banking' rules for consumer data sharing

New rules by the CFPB enable consumer control over financial data, fostering competition in banking services.

CFPB director open to changing mortgage regs to fix refi process

Closing costs significantly impede mortgage refinancing, prompting regulatory reviews to streamline processes and reduce expenses for consumers.

CFPB finalizes 'open banking' rules for consumer data sharing

New rules by the CFPB enable consumer control over financial data, fostering competition in banking services.

CFPB director open to changing mortgage regs to fix refi process

Closing costs significantly impede mortgage refinancing, prompting regulatory reviews to streamline processes and reduce expenses for consumers.

moreopen-banking

#buy-now-pay-later

Buy-now, pay-later returns and disputes are about to get federal oversight

Consumer Financial Protection Bureau requires buy-now, pay-later lenders to offer same protections as credit card companies.

Apple adds another buy now pay later service to Pay

Apple Pay now offers Klarna as a BNPL option at checkout, enhancing purchasing flexibility.

Buy-now, pay-later returns and disputes are about to get federal oversight

Consumer Financial Protection Bureau requires buy-now, pay-later lenders to offer same protections as credit card companies.

Apple adds another buy now pay later service to Pay

Apple Pay now offers Klarna as a BNPL option at checkout, enhancing purchasing flexibility.

morebuy-now-pay-later

U.S. regulator orders TD Bank to pay $28M US over consumer credit reports | CBC News

TD Bank was fined $28 million for providing inaccurate information to credit reporting agencies, impacting customers' credit scores.

Mr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Mr. Cooper settles a lawsuit with ACI Payments over unauthorized mortgage payment issues affecting its customers.

What to Know About Online Paycheck Advances and Why They Face Scrutiny

Federal consumer watchdog scrutinizing online paycheck advances for their associated fees and considering treating them as loans.

Opinion | Ketanji Brown Jackson Points to a Way Forward for the Court

The Supreme Court's recent ruling on the Consumer Financial Protection Bureau revealed an evolution in originalism interpretation, embracing historical precedents alongside modern practices.

#supreme-court-ruling

Regulatory Agencies Suffered Their Latest Blow in Chevron Ruling

The Supreme Court's ruling in 2020 struck down a provision protecting the head of the Consumer Financial Protection Bureau from being fired without cause.

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.

Regulatory Agencies Suffered Their Latest Blow in Chevron Ruling

The Supreme Court's ruling in 2020 struck down a provision protecting the head of the Consumer Financial Protection Bureau from being fired without cause.

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.

moresupreme-court-ruling

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.

#financial-regulations

The U.S. government wants to crack down on apps that let people get their paychecks before payday

The Consumer Financial Protection Bureau considers Earned Wage Access apps as providing loans subject to the Truth in Lending Act.

Banks Stand to Benefit From the Supreme Court Decision on the Chevron Doctrine

The end of Chevron deference empowers banking lobbyists to challenge consumer protection regulations more vigorously.

The U.S. government wants to crack down on apps that let people get their paychecks before payday

The Consumer Financial Protection Bureau considers Earned Wage Access apps as providing loans subject to the Truth in Lending Act.

Banks Stand to Benefit From the Supreme Court Decision on the Chevron Doctrine

The end of Chevron deference empowers banking lobbyists to challenge consumer protection regulations more vigorously.

morefinancial-regulations

Hamas' cease-fire demands, Joey Chestnut banned from hot dog contest

Mediators aim to secure a cease-fire deal in Gaza following Hamas and Israel's willingness, but challenges persist around ensuring Hamas governance in Gaza.

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#consumer-financial-protection-bureau#consumer-financial-protection-bureau

Capital One Is Accused of Cheating Customers Out of $2 Billion

Most Americans Are Blind to How Much Banks Are Paying Today

The CFPB drops its lawsuit against Capital One, marking a major reversal

Capital One Is Accused of Cheating Customers Out of $2 Billion

Most Americans Are Blind to How Much Banks Are Paying Today

The CFPB drops its lawsuit against Capital One, marking a major reversal

Trump memo calls for escalation of mass federal layoffs

CFPB nominee McKernan grilled in Senate confirmation hearing

Trump allies fear DOGE's methods to dismantle CFPB could backfire: report

'This is code red,' Warren says of Musk targeting CFPB

Trump Is Poised to Dismantle the Consumer Financial Protection Bureau

Trump admin pulls hundreds of videos from CFPB's YouTube channel

Trump memo calls for escalation of mass federal layoffs

CFPB nominee McKernan grilled in Senate confirmation hearing

Trump allies fear DOGE's methods to dismantle CFPB could backfire: report

'This is code red,' Warren says of Musk targeting CFPB

Trump Is Poised to Dismantle the Consumer Financial Protection Bureau

Trump admin pulls hundreds of videos from CFPB's YouTube channel

How Federal Employees Are Fighting Back Against Elon Musk

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Musk's crew descends on CFPB with plan to shut it down

How Federal Employees Are Fighting Back Against Elon Musk

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Musk's crew descends on CFPB with plan to shut it down

Overdraft fees would be slashed under new Biden administration rule. What you need to know

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees would be slashed under new Biden administration rule. What you need to know

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Federal Financial Watchdog Ordered to Cease Activity

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

Federal Financial Watchdog Ordered to Cease Activity

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

CFPB fines Wise $2.5M over remittance violations

Trump Administration Fires Consumer Bureau Chief Rohit Chopra

CFPB fines Wise $2.5M over remittance violations

Trump Administration Fires Consumer Bureau Chief Rohit Chopra

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

CFPB orders Wise to pay $2.5M for illegal remittance practices

Apple Pay, other tech firms come under CFPB regulatory oversight

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

CFPB orders Wise to pay $2.5M for illegal remittance practices

Apple Pay, other tech firms come under CFPB regulatory oversight

Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He's Hanging On

Republicans want to reduce CFPB budget to $0 with new bill

CFPB received fewer reverse mortgage complaints in 2024

Biden administration announces a plan for removing medical debt from credit reports

Biden administration announces 'lifechanging' new rule for credit reports

Biden Administration Moves to Ban Medical Debt From Credit Reports

How removing unpaid medical bills from credit reports could help consumers

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

Biden administration announces a plan for removing medical debt from credit reports

Biden administration announces 'lifechanging' new rule for credit reports

Biden Administration Moves to Ban Medical Debt From Credit Reports

How removing unpaid medical bills from credit reports could help consumers

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

Trump will destroy the government agencies that most help working people | Katrina vanden Heuvel

CFPB reports significant' drop in mortgage activity in 2023

Meta discloses federal probe into its use of financial data for ads

CFPB targets sales of consumer information by data brokers

Meta discloses federal probe into its use of financial data for ads

CFPB targets sales of consumer information by data brokers

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

At the country's biggest fintech conference, the U.S. election is the elephant in the room

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

At the country's biggest fintech conference, the U.S. election is the elephant in the room

A Texas Judge's Fight to Keep a High Profile Case Out of His Court

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

A Texas Judge's Fight to Keep a High Profile Case Out of His Court

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

Meta Threatened With CFPB Lawsuit Over Financial Product Ads

The CFPB wants to rein in data brokers

Worker surveillance must comply with credit reporting rules

The CFPB wants to rein in data brokers

Worker surveillance must comply with credit reporting rules

What the latest bad news for the Apple Card means for customers

Here's Something Else Goldman-for-the-People Didn't Do Very Well

What the latest bad news for the Apple Card means for customers

#consumer-financial-protection-bureau
#consumer-financial-protection-bureau