CFPB signals scrutiny of credit card fees

The Consumer Financial Protection Bureau wants to take a closer look at credit card fees, according to a blog post on the agency’s website. “Given the outsize role that credit card debt plays for many households, the CFPB is looking to ensure that there is robust and fair competition in the credit card market,” the bureau said.

CFPB issues order against payment processor

The Consumer Financial Protection Bureau has filed a proposed final judgement and order against BrightSpeed Solutions and its founder Kevin Howard over their alleged participation in fraudulent services and products.

CFPB director pledges tougher stand on bank overdraft, NSF fees

Consumer Financial Protection Bureau Director Rohit Chopra is pledging to take a stronger stand against bank overdraft and non-sufficient fund fees by enhancing supervisory and enforcement scrutiny of financial institutions “that are heavily dependent on overdraft fees.” 

CFPB seeks feedback on HMDA collection

The Consumer Financial Protection Bureau is asking for input on rules implementing the Home Mortgage Disclosure Act as it considers a review of their effectiveness.

CFPB reinstates foreclosure requirements

The Consumer Financial Protection Bureau is reinstating some foreclosure timing requirements around Regulation X, it said in a joint statement with other government agencies. 

CFPB warns companies over name-matching

Consumer reporting companies that rely on name-matching alone to match records to an individual are violating the Fair Credit Reporting Act, the Consumer Financial Protection Bureau said.

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