Page 47 - Cfpb News Today

Republicans are welcoming it with open arms...

The Fifth Circuit, a Trump-shaped appeals court, ruled against the CFPB's funding structure because it gets money through the Fed instead of Congress.

The U.S. Court of Appeals for the 5th Circuit overturned a lower court's ruling, declaring the agency's funding structure and its 2017 payday lending rule invalid.

The agency, created in response to the 2008 financial crisis, has faced a slew of legal challenges.

The BNPL space was drafted under a provision of the federal Truth in Lending Act that does not require formal loan disclosures for loans where: there is no interest assessed, and there are four or fewer payments.

Your college could be pushing you to work with partner banks that charge higher fees, a consumer watchdog found.

CFPB released a Supervisory Highlights on student loan servicing practices of loan servicers. The report highlights three findings related to transcript-withholding practices:Federal Student Loan transfers, and Federal Student Loan payment relief and cancellation programs.

Student-loan borrowers will be able to apply for debt cancellation this month, and Biden wants to ensure security against scammers.

The Dodd–Frank Act’s authorization of new regulations on payday and other short-term lenders will likely harm millions of consumers.

The CFPB found student-loan companies have allegedly engaged in illegal behavior by denying borrowers forgiveness through PSLF and income-based plans.