Page 9 - Cfpb News Today

New proposed CFPB rules could prevent medical debt from showing up on credit reports altogether. A new survey reveals how consumers feel about proposed changes.

(Bloomberg) -- Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With C...

The US Consumer Financial Protection Bureau has proposed that digital wallets such as Apple Pay should be regulated, and currently lack safeguards.

Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday, as some bank employees argued internally that Armenians were more likely to commit fraud and referred to applicants as “bad guys” or affiliated with organized crime. The CFPB found that Citi employees were trained to avoid approving applications with last names ending in “yan” or "ian" — the mos...

On October 31, a federal jury in the U.S. District Court for the Western District of Missouri found the defendants, a trade association, which represents residential and commercial real estate industries...

The CFPB said the bank treated credit card applicants as criminals.

If adopted, this requirement would bring consumer-permissioned financial data sharing to the US in a formal way for the first time.

The Consumer Financial Protection Bureau (CFPB) proposed to regulate digital payment companies and smartphone wallet services citing its competitive nature to traditional payment methods and lack of consumer safeguards.

The Consumer Financial Protection Bureau ordered Citibank to pay $25.9 million in fines and consumer redress for intentional and illegal discrimination...

Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday, as the bank argued internally that Armenians were more likely to commit fraud and referred to applicants as “bad guys” or affiliated with organized crime.