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Employers who conduct background checks on applicants or employees must comply with the Fair Credit Reporting Act. The CFPB released an updated Summary of Rights form, which must be provided to consumers in connection with procurement of consumer reports, beginning March 20, 2024.
The director of the Consumer Financial Protection Bureau told a fintech audience Thursday that banks need to make it easier for consumers to switch accounts, and should make lending decisions with less reliance on credit scores.
The bank lobby opposes regulations that could save Americans $9 billion a year in late fees. Warren wants to know if credit card companies agree.
Sen. Elizabeth Warren, D-Mass., led a group of Democratic lawmakers in writing to executives of large credit card issuers on their late fee policies and costs.
A former employee of the Consumer Financial Protection Bureau, also known as the CFPB, sent personal data for hundreds of thousands of people to a personal email account, the agency confirmed this week.