Ted Cruz Leads Republican Charge to Defund Consumer-Protection Agency
The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial ...
It's Time To Shutter The Consumer Financial Protection Bureau
Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial ...
JD Supra5h
CFPB Proposes a New Rule Prohibiting Certain Contractual Terms for Consumer Financial Products
On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in ...
Will Trump kill the CFPB? The bureau’s future is unclear under the new administration
The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.
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 ...
Cruz to revive push to abolish government consumer protection agency
Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau ...
JD Supra3d
CFPB Releases Guidance for States on Strengthening Consumer Protection Under New Administration
The Consumer Financial Protection Bureau (CFPB) issued guidance on the eve of the transition to a new administration that serves as a roadmap ...
CNET on MSN6d
CashApp Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...
ConsumerAffairs3d
Late rent payments suggest increased financial distress among consumers
The Consumer Financial Protection Bureau (CFPB) finds that renters are continuing to have a hard time paying their rent on ...
ConsumerAffairs3d
The Trump administration could roll back key consumer protections; advocates are monitoring
While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are ...
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Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian, one of the nation’s largest credit bureaus, was sued Tuesday by the Consumer Financial Protection Bureau for allegedly improperly handling consumer disputes, which could lead to lower ...