Page 37 - Cfpb News Today

The Consumer Financial Protection Bureau says companies need to clearly and conspicuously disclose terms of subscription services and get informed consent from consumers.

The three nationwide credit reporting agencies — Equifax, Experian and TransUnion — began removing paid medical debts from consumers' reports.

The Consumer Financial Protection Bureau CFPB issued its annual report of credit and consumer reporting complaints. The report contains a thorough analysis of how the nationwide consumer reporting agencies NCRAs responded to consumer complaints in 2022.

Consumer Financial Protection Bureau CFPB issued a Proposed Rule that will, if adopted, require certain nonbank covered entities—including consumer reporting agencies CRAs to register certain contract terms and conditions with the CFPB.

Arizona AG issued an opinion on earned wage access EWA, which determined that fully non-recourse EWA products do not constitute consumer loans subject to consumer loan regulations, and that providers of non-recourse EWA products would not be considered consumer lenders.

CFPB and the New York State Office of the AG filed a complaint against a prominent subprime auto lender in the Southern District of New York. The complaint alleges that the auto lender misrepresented costs in loan agreements and tricked customers into high-cost loans on used cars.

Attorney General Paxton has joined a cert-stage amicus brief asking the U.S. Supreme Court to hear CFPB v. CFSAA (Case No. 22-448), which has important

The Consumer Financial Protection Bureau is making a second attempt at blocking companies from limiting consumers' legal rights through arbitration clauses that violate consumer protection laws.

Consumer Financial Protection Bureau CFPB released a report on January 3, 2023, detailing information and trends related to how nationwide consumer reporting agencies NCRAs responded to consumer complaints from October 2021 to September 2022.

The Consumer Financial Protection Bureau's outline for upcoming regulations reflects the efforts of Director Rohit Chopra to reduce credit card late fees and overdraft fees.