What does having the Consumer Financial Protection Bureau on hold mean for consumers?
The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration ...
Pfluger holds town halls across the Concho Valley
Last week, Congressman August Pfluger (TX-11) hosted five community town hall meetings across the Concho Valley in Bronte, Ballinger, Coleman, Menard, and Eden. At the town halls, Congressman Pfluger ...
TechCrunch14d
CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions ...
The National Law Review15d
CFPB Orders Remittance Company to Pay $2.5 Million for Deceptive Practices and Inaccurate Disclosures
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...
JD Supra15d
CFPB Proposes a New Rule Prohibiting Certain Contractual Terms for Consumer Financial Products
On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in "take it or leave it" consumer contracts that purport ...
bankingdive15d
Trump-era CFPB has full plate following Chopra’s flurry of activity
Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...
Wall Street Journal17d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...
CNET20d
Cash App Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...
Bloomberg L.P.21d
Trump Team Debates Bank Watchdogs as Chopra Remains at CFPB
Trump Team Debates Bank Watchdogs as Chopra Remains at CFPB Trump team struggling to pick replacements for CFPB, OCC heads Biden appointees Chopra, Hsu continue to serve in their roles ...
Business Insider23d
I loved living in Portland, Oregon, for years. I planned to stay there forever until a town 5 hours away changed my mind.
I grew up in a small town in Oregon and couldn't wait to pack my bags and head to Portland for college. The city seemed to have everything I could need: bustling streets, museums, art, culture ...