CFPB Clarifies Employers’ Obligations When Using Background Dossiers and Algorithmic Scores in Employment Decisions
It’s long been an open secret that employers often review the consumer reports of job candidates when conducting background ...
CFPB Finalizes Rule Removing Medical Debt From Credit Reports
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million ...
American Banker6d
CFPB's lawsuits against banks: Five cases to watch in 2025
The timing of the lawsuit against Zelle, filed just before Christmas, sparked a backlash by banks against CFPB Director Rohit Chopra. The largest bank owners of the peer-to-peer payment network claim ...
Business Insider12d
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
The CFPB is no stranger to criticism. The Supreme Court in May rejected a conservative-led lawsuit that sought to dismantle the CFPB's funding structure. The lawsuit argued that Congress should ...
HousingWire21d
CFPB rule applies mortgage protections to clean energy loans
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy (PACE) loan program. The rule applies existing protections for ...
MSNBC18d
CFPB Director: Wall Street wants a lap dog, not a watchdog
Rohit Chopra, the director of the CFPB, joins Ali Velshi to explain why ... where people are getting ripped off with impunity and no one is taking any action at all.”Dec. 21, 2024 ...
Business Insider25d
Overdraft fees could go down to $5 because of a new CFPB rule — here's what that means for checking account customers
Compare Today's Banking Offers Who would be affected by the CFPB overdraft final rule? The CFPB only has authority over very large financial institutions, which it defines as those with more than ...
Forbes22d
The CFPB Is Telling U.S. Banks To Run Backwards
it’s no reach to suggest that the service will no longer be offered to banking customers. To which some will respond that what the CFPB is doing isn’t so bad. As this opinion piece notes ...
USA Today21d
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
To help consumers, the CFPB launched the Explore Credit Cards tool using open data so people can more easily make apples-to-apples comparisons about their credit card options. The tool provides ...
HousingWire28d
CFPB commences rulemaking for elder financial abuse
The Consumer Financial Protection Bureau (CFPB) this week announced it has launched rulemaking to address harmful financial consequences of crimes including domestic violence and elder abuse.
USA Today21d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The CFPB said $5 is the estimated level at which ... "exceed its Congressionally mandated guardrails." "The bureau has no legal authority to subject overdraft services offered by any financial ...
American Banker26d
Banks sue CFPB for capping overdraft fees at $5
"CBA had no choice but to pursue legal action to counter the CFPB's blatant statutory overreach with its misguided rule to ensure consumers continue to have access to liquidity through overdraft ...