January 2023 Articles – CFPB Journal

CFPB to gather public feedback on credit market

The Consumer Financial Protection Bureau is seeking public feedback on the consumer credit market.

CFPB: Companies offering subscriptions must comply with federal laws

The Consumer Financial Protection Bureau issued a circular Jan. 19 affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.

CFPB proposes nonbank contract database

The Consumer Financial Protection Bureau is looking to establish a public registry of the terms and conditions used by nonbanks in contracts that waive or limit consumer rights and protections.

CFPB: Credit reporting agencies must be more accurate

The Consumer Financial Protection Bureau is calling on the three largest consumer reporting agencies to improve the accuracy of their reports after nearly a half-million complaints were submitted to the agency from October 2021 to September 2022.