Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...
JD Supra4d
CFPB’s Proposed Rule Aims to Prohibit the Use of Certain Contractual Provisions in Consumer Financial Products or Services Agreements
Background, Purpose, and Structure of the Proposed Rule - On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) published ...
NerdWallet4d
CFPB Rule Would Help Medical Debtholders: Who Are They?
People in this impacted group could see their credit scores jump by 20 points, according to the CFPB. With this new ruling, the CFPB hopes to remove the economic barriers that medical debt creates ...
JD Supra13d
CFPB Renews Attempt to Regulate Crypto by Applying Reg E to Stablecoins and Other Digital Payment Mechanisms
On January 10, the Consumer Financial Protection Bureau (Bureau) issued a notice of proposed interpretive rule (Proposed Rule). The deadline ...
AOL14d
CFPB Sues Capital One Over Alleged $2 Billion In Lost Interest For Consumers
In a statement, the CFPB claims that Capital One falsely advertised its “360 Savings” account as offering one of the best interest rates in the nation, only to freeze the rate at a low level ...
Federal Register14d
Request for Information Regarding the Collection, Use, and Monetization of Consumer Payment and Other Personal Financial Data
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
Benzinga.com14d
CFPB Sues Capital One Over Alleged $2 Billion In Lost Interest For Consumers
Capital One Financial Corporation COF is facing a lawsuit filed by the Consumer Financial Protection Bureau (CFPB), which accuses the bank of cheating millions of consumers out of more than $2 ...
NBC News14d
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...
KSBW The Central Coast14d
Capital One sued for cheating consumers out of interest rate payments
As a result, that decision cost consumers more than $2 billion in lost interest payments.“The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts ...