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House Financial Services held Digital Assets and Finance Meeting

The Treasury Departmentโ€™s Undersecretary for Domestic Finance, presented the reportโ€™s findings and emphasized the need for lawmakers to introduce a legal framework for stablecoins and other novel types of digital assets.
Nellie Liang Maxine Waters Treasury Department Undersecretary For Domestic House Financial Services Committee Group On Financial Working Group

CFPB Requests Feedback On Fees Imposed by Consumer Industry

The CFPB contends that junk fees are detrimental to the market for financial services because they obscure the true price of a service by, for example, offering attractive introductory pricing, but then make up the difference by levying various back-end fees on consumers.
Consumer Financial Protection Bureau Providers Of Consumer Financial Products Or Services Information Regarding Fees Imposed Consumer Financial Products Agency Rule Making Amp Guidance Federal Issues

CFPB Provides Guidance For Dispute Inaccuracies in Credit Reports

The CFPB released a report directed to consumers about obtaining information in their consumer reports and disputing suspected inaccuracies in these reports with companies as needed. The CFPB notes that errors in these databases can severely harm their financial lives.
United States Rohit Chopra Consumer Finance Fair Credit Reporting Act Consumer Financial Protection Bureau Consumer Complaints

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