Page 51 - Cfpb News Today

On July 27, the CFPB and DOJ proposed a settlement with a nonbank mortgage lender for its discriminatory "redlining" lending practices against minority families living in the greater Philadelphia area.

NEW YORK CITY (dpa-AFX) - Credit Suisse Group (CS) disclosed in a filing with the U.S. Securities and Exchange Commission that the Consumer Financial Protection Bureau or CFPB is investigating

The Consumer Financial Protection Bureau fined U.S. Bank $37.5 million for using customer data to open sham accounts and new lines of credit without permission.

Apple Pay Later feature is scheduled to become available in iOS16 later this year

The Consumer Financial Protection Bureau claimed that Hyundai Capital America hurt borrowers by incorrectly reporting they were late on payments.

A U.S. regulator has ordered a Hyundai Motor Company affiliate to pay $19.2 million for repeatedly giving credit-reporting ...

Consumer Financial Protection Bureau's advisory opinion is strict interpretation of the permissible purposes for which a consumer reporting agency may provide a consumer report. The opinion is creating risk for both the consumer report user and the consumer reporting agency.

Trade Associations affirmed in a letter to CFPB Director Rohit Chopra that the CFPB should rescind its recent updates to the exam manual allowing for the examination of financial institutions unfair, deceptive, and abusive acts or practices or UDAAPs.

CFPB issued interpretive rule affirming states abilities to police credit reporting markets through issuance of their own fair credit report laws. Rule clarifies Fair Credit Reporting Act FCRA does not prevent states from enacting stricter, more protective laws.

CFPB advisory opinion Fair Debt Collection Practices Act and Regulation F prohibit debt collectors from collecting pay-to-pay or convenience fees imposed for making a payment in a particular way,not expressly authorized by the underlying agreement orpermitted by law.