The Consumer Financial Protection Bureau has handled more than 20,000 complaints over the last year from consumers about student loans.
The rule requires payday lenders to determine upfront whether or not the consumer is capable of repaying the loan, among other restrictions.
The Office of the Comptroller of the Currency has released a report challenging the Consumer Financial Protection Bureau’s interpretation of an arbitration study.
Forty percent of U.S. adults struggle to make ends meet, according to a survey from the Consumer Financial Protection Bureau.
Upstart Network has received the first no-action letter from the Consumer Financial Protection Bureau for its use of alternative data in credit and pricing decisions.
The United States District Court for the District of Minnesota dismissed claims of Reg E violations the Consumer Financial Protection Bureau made against TCF National Bank. It partially upheld, however, the bureau's claim of UDAAP violations.
The proposed order would permanently ban the company from doing business within the credit repair industry and require a $150,000 civil money penalty.
The Consumer Financial Protection Bureau issued a consent order against two American Express banking subsidiaries for unintentionally discriminating against consumers in Puerto Rico, the U.S. Virgin Islands, and other U.S. territories.
The Columbus, Ohio-based bank was fined $4.6 million by the Consumer Financial Protection Bureau for alleged failures related to information it provides for checking account screening reports.
The U.S. House of Representatives has passed a bill that would scrap the CFPB's arbitration rule while the Senate took up a similar measure expected to come to a vote next month.