PYMNTS-MonitorEdge-May-2024

Consumer Financial Protection Bureau

California Bans Junk Fees, Anticipating Federal Efforts
California Bans Junk Fees, Anticipating Federal Efforts
October 09, 2023  |  Legal

California will ban junk fees beginning July 1, after the state’s governor signed a bill into law on Saturday (Oct. 7).  This move comes in...

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Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
October 08, 2023  |  Personal Finance

Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy,...

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Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
October 08, 2023  |  Consumer Finance

Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020...

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Supreme Court to Consider Fate of CFPB Tuesday
Supreme Court to Consider Fate of CFPB Tuesday
October 02, 2023  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), Tuesday (Oct. 3) looms as the beginning of an existential showdown. The challenge to the bureau’s very constitutionality...

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SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
September 28, 2023  |  Bank Regulation

When Silicon Valley Bank (SVB) failed this spring, it shocked the market.  But while those economic and banking sector wobbles have since largely abated, the third-largest...

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CFPB Eyes Tuition Payment Plans as Students Return to School
CFPB Eyes Tuition Payment Plans as Students Return to School
September 27, 2023  |  Buy Now Pay Later

It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and...

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CFPB Wants to Wipe Medical Bills From Credit Reports
CFPB Wants to Wipe Medical Bills From Credit Reports
September 21, 2023  |  Healthcare Financing

The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial...

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Discover Financial Services Weighs Sale of Student-Loan Business
Discover Financial Services Weighs Sale of Student-Loan Business
September 15, 2023  |  Acquisitions

Discover Financial Services is reportedly exploring the possibility of selling its student-loan business as part of its ongoing efforts to streamline operations following a series of...

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CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
September 14, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is looking into, and warning students about, the risks faced by students when entering into agreements with colleges for tuition payment...

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