Page 17 - Cfpb News Today

The Biden-Harris administration announced Thursday it has begun looking into removing medical debt from consumer credit reports in an effort to lessen the impact unexpected medical costs can have on people and help them recover from the expenses, which can be immense. In a press release, the Consumer Financial Protection Bureau (CFPB) said the proposal…

A billionaire benefactor of Supreme Court Justice Samuel Alito has a significant financial stake in companies supervised by the Consumer Financial Protection Bureau, as the watchdog faces the crosshairs of an upcoming case before the high court, The New Republic has learned.Paul Singer, a controversial money manager and longtime GOP megadonor, has a hedge fund that holds at least a $90 million stake in financial companies that would stand to benefit were the court to rule against the CFPB in the

The CFPB found tuition payment plans can be predatory for student-loan borrowers, piling on late fees and causing them to be kicked off meal plans.

After the economic crash of 2008 when millions of Americans lost their homes, the Consumer Protection Act and Dodd-Frank Wall Street reform created the Consumer Financial Protection Bureau (CFPB) in...

The U.S. Consumer Financial Protection Bureau is currently pursuing nearly two dozen lawsuits accusing prominent defendants including Fifth Third Bank, TransUnion and Moneygram of financial misconduct. The agency's 300-plus enforcement actions from 2012-22 have delivered $16 billion of relief to American consumers, drawn in part from a $3.7 billion settlement last year with Wells Fargo, according to CFPB data. Yet as it continues to police financial wrongdoing, the CFPB faces an existenti...

On September 8, 2023, a federal court struck down the Consumer Financial Protection Bureau's (CFPB) attempts to supervise institutions for so-called "unfairness discrimination.

The Supreme Court will hear a case that could upend the CFPB, and in turn, jeopardize the housing and student-loan industries, Rohit Chopra said.

Shoppers at stores including Sears and Kmart were ‘kept in the dark’ about contract terms, CFPB says. The Consumer Financial Protection Bureau (CFPB) has fined consumer finance company Tempoe $36 million for "tricking" consumers into signing leasing agreements by concealing the contract terms and costs, and for failure to provide legally required disclosures.Forty-one states and the District of Columbia are also entering into a parallel multi-state settlement addressing t...

A federal judge ruled that the CFPB's UDAAP authority does not extend to combining issues of fairness and discrimination.

The Supreme Court is about to take on a case challenging the funding structure of the CFPB. The stakes are high for consumers and borrowers.