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Federal Judge Mark Pittman earlier this week granted the Consumer Financial Protection Bureau’s request for a 30-day pause in a lawsuit challenging its legal authority to cap most credit card late fees at $8.
The Consumer Financial Protection Bureau voluntarily dropped enforcement actions this week against Capital One and Rocket Homes. The bureau also dropped lawsuits it had filed against Vanderbilt Mortgage and Finance, and others.
Acting Consumer Financial Protection Bureau Russ Vought recently opened a tip line on X for banks and other businesses to report CFPB staff for undertaking regulatory or enforcement work despite being called to cease activity.
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 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 recently placed Google’s payments division under its supervisory authority, leading to a lawsuit from the company.