Browsing: CFPB

Processing ContentKey insight: CashCall is officially on the hook for a $134 million restitution payout to compensate consumers who were harmed by the company’s illegal loan…

What’s at Stake: The CFPB’s top managers want to fire 90% of the staff, which would both dramatically reduce the agency’s headcount and severely cripple the…

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing ContentWhat’s at stake: The appeals…

Key insights: New York state is working on tougher regulations for buy now/pay later lending. What’s at stake: The move comes as the Consumer Financial Protection…

What’s at stake: Consumer advocates and some corporate debt collectors fear that possible changes to the consumer complaint portal — such as mandatory two-factor authentication and…

The U.S. Consumer Financial Protection Bureau headquarters in Washington, Feb. 2, 2025.Bloomberg | Bloomberg | Getty ImagesFederal student loan borrowers submitted a record number of complaints…

Key insight: The CFPB’s leadership cited ongoing litigation as the reason for not cooperating with the Government Accountability Office.  Supporting data: The GAO reiterated what was found…

Key insight: The three credit bureaus — Equifax, Experian and TransUnion — say the complaint portal is being abused by third-party credit repair firms and AI bots.What’s…

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought.Kevin Mohatt | Kevin Lamarque | | ReutersSen. Elizabeth…

Key Insight: The Consumer Financial Protection Bureau and other federal regulators are retreating from enforcement and supervision, creating a void that states are actively stepping in…