In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) approval of an information ...

On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...

However, the CFPB found that some banks charged higher fees than they needed to cover their losses, leaving consumers in a financial bind. The new rule updates federal regulations for banks with ...

The new questions are part of a controversial advisory opinion, said James McCarthy, chairman of a financial services tech firm McCarthy Hatch who helped set up the complaint database as a CFPB senior ...

But the CFPB said that between 2015 and 2020, Performant abused its control over the rehabilitation process, encouraging employees to delay borrowers from filing their agreements through such measures ...

On May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule identifying Buy Now, Pay Later Lenders (BNPL Lenders or Lenders) as “card issuers” or “creditors ...

The Consumer Financial Protection Bureau (CFPB) is headed for a rocky future under President-elect Trump. The powerful financial watchdog agency is in for a reckoning during a second Trump ...

The CFPB says it will distribute $1.8 billion to 4.3 million consumers who were charged illegal advance fees by Lexington Law and CreditRepair.com, which used telemarketing to offer credit repair ...

Google has initiated legal action against the Consumer Financial Protection Bureau (CFPB), challenging the federal agency's decision to supervise Google Pay. The lawsuit was filed in the US ...

Google Inc. has sued the Consumer Financial Protection Bureau following the CFPB’s action Friday asserting federal supervision of the company’s Google Pay wallet. In the suit, filed in U.S. District ...

The Consumer Financial Protection Bureau sued Comerica Bank on Friday for allegedly “systematically failing” 3.4 million cardholders who received federal benefits such as Social Security through ...

According to the CFPB, Google's payment services carry risks for consumers, such as possible fraud and mistaken transactions. Mashable Light Speed Want more out-of-this world tech, space and ...