Page 45 - Cfpb News Today

The rule, which is not due out until 2024, will promote competition among financial institutions and data aggregators, Consumer Financial Protection Director Rohit Chopra said at a fintech conference.

Senator Elizabeth Warren, D-Mass, calls for action as her investigation reveals high rates of fraud on platform Zelle and banks’ negligence to the customers affected.

Regulators are raising alarm over the design applications that can manipulate consumers into buying products or services or compromise their personal information.

Sen. Warren on Wednesday sent a letter to Consumer Financial Protection Bureau Director Rohit Chopra, calling for expanded regulations after she collected private data on rising fraud rates on Zelle from some of the country's largest banks.

(The Center Square) – The Biden administration unveiled a new effort Wednesday to stop "junk fees" from being charged to Americans on a range of purchases and services, including banking

New Consumer Financial Protection Bureau guidelines say overdraft fees "that a consumer would not reasonably anticipate" could be illegal. President Biden and CFPB Director Rohit Chopra promoted them at a press briefing Wednesday.

(The Center Square) – The Biden administration unveiled a new effort Wednesday to stop "junk fees" from being charged to Americans on a range of purchases and services, including banking

An appeals court ruling last week found that the Consumer Financial Protection Bureau's funding structure violates the Constitution, but another court filing shows how the agency might fight back.

Now, the companies would argue these fees are justified and that they are providing a service but biden regulators are skeptical. i just talked to cfpbs director and he told me people are sick and tired of surprise fees and that there is an all of government effort to attack them. now, we should note one of the things that theyve attacked today, they signaled a crackdown on overdraft fees. we have seen in the last year and a half a bunch of big banks say good-bye to them. ally bank, capital one ...

U.S. Chamber of Commerce, American Bankers Association, other industry groups filed suit in Texas federal court challenging Consumer Financial Protection Bureau CFPB Unfair, Deceptive, or Abusive Acts or Practices section update of exam manual to include discrimination.