RSS
President Donald Trump dismissed Rohit Chopra as director of the Consumer Financial Protection Bureau on Jan. 31. Four days later, Trump designated Secretary of the Treasury Scott Bessent as CFPB acting director.
Late rental payments fell from 2021-24, even as rental balances and fees increased, according to a recent report from the Consumer Financial Protection Bureau.
The rate of auto repossessions was higher at the end of 2022 than before the pandemic, according to a Consumer Financial Protection Bureau report.
The Consumer Financial Protection Bureau fined fintech Block $175 million after finding it allowed fraud to multiply on its financial services platform Cash App.
The Consumer Financial Protection Bureau announced two measures last week to provide privacy protections on large technology platforms.
The Consumer Financial Protection Bureau banned credit reporting companies from including medical bills on credit reports and credit scores used by lenders.
The Consumer Financial Protection Bureau recently sued Walmart and its fintech partner Branch Messenger for allegedly illegally opening deposit accounts for more than 1 million delivery drivers.
A federal judge recently upheld the preliminary injunction against the Consumer Financial Protection Bureau’s proposed limit on credit card late fees to $8 per incident.
The Consumer Financial Protection Bureau released a final rule Dec. 12 limiting the overdraft fees banks with more than $10 billion in assets can charge.
The Consumer Financial Protection Bureau recently placed Google’s payments division under its supervisory authority, leading to a lawsuit from the company.