Page 53 - Cfpb News Today

The Consumer Financial Protection Bureau ended special regulatory treatment of the financial services company’s earned wage access products. Payactiv says it requested the action after a disagreement with the agency.

Consumer Financial Protection Bureau issued advisory opinion clarifying legality under Fair Debt Collection Practices Act of convenience fees for optional methods of expedited payment not prescribed in loan documents, such as payment by phone or on the web, pay-to-pay fees.

In a new interpretative rule filed yesterday, the agency gave states a green light to expand on federal laws that protect consumers from unfair treatment by credit reporting agencies.

Consumer Financial Protection Bureau quietly released spring rulemaking agenda with five rules to complete before May 31, 2023. CFPB did not issue press release, post agenda on its website, but submitted agenda to Office of Budget and Management for publishing.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, is laying the groundwork to potentially declare that Facebook and another Big Tech firms pose risks to consumers.

Consumer Financial Protection Bureau CFPB Director Rohit Chopra published a blog post summarizing the Bureau’s new efforts to more clearly communicate its expectations to the public, which would ultimately bolster consumer protection overall.

CFPB posted blog titled Buy Now, Pay Later and Credit Reporting discussing viewpoint on importance of standardized data furnishing by buy now, pay later firms to consumer reporting companies for inclusion in consumer credit reports.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, is laying the groundwork to potentially declare that Facebook and another Big Tech firms pose risks to consumers.

The Consumer Financial Protection Bureau’s unified agenda was quietly released this week, and it shows that rules on consumer access to financial records and small-business data collection are top priorities. 

The Consumer Financial Protection Bureau issued a proposal that could ultimately lead to tougher limits on what banks and other issuers charge cardholders for late payments.