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Capital One is sued by US CFPB for avoiding billions in interest payments
(Reuters) -Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank ...
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
Elon Musk, Trump’s new presidential advisor, tweeted in early November “Delete CFPB. There are too many duplicative ...
JD Supra20h
Consumer Financial Protection Bureau Pursues Action to Stop Kickback to Brokerages for Steering Consumers to Rocket Mortgage
The Consumer Financial Protection Bureau (“CFPB”) filed an action on December 23, 2024, against Rocket Home Real Estate LLC (“Rocket Homes”), a ...
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Capital One Sued by CFPB Over Its Savings Accounts
The Consumer Financial Protection Bureau is suing Capital One ... and instead worked to keep them in the dark about ...
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
American Banker21h
Most BNPL loans made to subprime borrowers: CFPB
The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers ...
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...
New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
JD Supra20h
CFPB Finalizes Rule Curbing Use and Reporting of Medical Debt
On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) issued a final rule that would generally prohibit lenders from considering ...
American Banker3d
CFPB issues new fintech sandbox and no-action letter policy
The Consumer Financial Protection Bureau issued separate policy statements on "sandbox approvals" and no-action letters for ...