What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, including banks, lenders and other financial institutions.
What the Future May Hold for the Consumer Financial Protection Bureau's Open Banking Rule
Will the Consumer Financial Protection Bureau’s (CFPB) recently promulgated open banking rule survive under the new Congress and incoming
US consumer bureau fines Equifax $15 million over handling of consumer disputes
In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022.
US consumer bureau fines Equifax $15 million for issues fixing consumer disputes
The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.
Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes. The Consumer Financial Protection Bureau issued a consent order on Friday against the Atlanta-based consumer reporting agency,
CFPB fines Equifax $15 million for errors on credit reports
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances,
Equifax Fined $15M For Inaccurate Credit Scores, Mishandling Disputes: CFPB
One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and failing to properly investigate consumer disputes, officials said. Equifax will pay the fine into the Consumer Financial Protection Bureau's victims relief fund,
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CFPB Proposes Interpretive Rule on Emerging Payment Mechanisms Under EFTA
On January 2, 2025, the Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule under the Electronic Fund Transfer Act (EFTA) ...
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Equifax Paying $15 Million For Consumer Dispute Failures
For the “failure to conduct proper investigations of consumer disputes,” the Consumer Financial Protection Bureau (CFPB) last ...
CFPB fines Equifax $15 million over errors on credit reports
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit ...
Biden's CFPB Goes Down Swinging In Blitz Of Rules. But How Many Will Survive Trump?
The consumer watchdog agency is closing out President Joe Biden's term with guns blazing, issuing new rules and regulations at a furious pace. However, many of them could be reversed by the incoming ...
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Block's Cash App Ordered to Pay $175 Million by CFPB Over Fraudulent Transaction Handling
Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.
US CFPB fines Cash App-parent Block over insufficient fraud protection
The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...
America's top consumer watchdog faces uncertain future as some Trump allies call to 'delete' the CFPB
Eliminating the Consumer Financial Protection Bureau in Trump's second term appears unlikely. But observers expect the agency ...
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CFPB Cracks Down on Draper & Kramer for Alleged Discriminatory Lending in Chicago and Boston
CFPB acts against Draper & Kramer Mortgage for alleged discriminatory lending, facing a potential ban and $1.5M penalty.
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Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
In 2017, then-President Donald Trump appointed White House Budget Director Mick Mulvaney to run the Consumer Financial Protection Bureau. As a Republican member of Congress, Mulvaney had ...
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CFPB calls on states to be more aggressive in enforcing consumer financial protection laws
The CFPB is calling on state governments to increase their focus on consumer financial protection laws.