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The CFPB has long expressed concern about big tech’s entry into financial services, particularly in connection with payments, and these companies’ ability to collect and monetize consumer data.
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Has your healthcare provider offered you a loan or even a credit card to help pay for treatment? Consumer Investigator Caresse Jackman spoke with the CFPB about how medical credit cards and loans are impacting patients and possible alternatives.
Republican members of the House Financial Services Committee blasted Consumer Financial Protection Bureau Director Rohit Chopra as an 'extortionist' and labeled his efforts to rein in discrimination as 'McCarthyism' during a four-hour hearing Wednesday.
In June, CFPB issued a report summarizing its research into the use of artificial intelligence AI in consumer finance. The Report focused on the shift away from human support to algorithmic support in the banking and consumer finance industry.
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Has your healthcare provider offered you a loan or even a credit card to help pay for treatment? Consumer Investigator Caresse Jackman spoke with the CFPB about how medical credit cards and loans are impacting patients and possible alternatives.