Consumer Financial Protection Bureau

CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
January 20, 2025  |  CFPB

The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer...

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American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
January 17, 2025  |  Regulation

American Honda Finance Corporation (AHFC) reached an agreement with the Consumer Financial Protection Bureau (CFPB) to settle the regulator’s allegations that the company reported inaccurate information...

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Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
January 17, 2025  |  Regulation

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to...

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National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging...

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CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Regulation

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...

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CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Block must refund consumers up to $120...

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CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025  |  CFPB

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. The regulator...

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CFPB Data Confirms BNPL’s Positive Impact on Credit-Constrained Consumers
CFPB Data Confirms BNPL’s Positive Impact on Credit-Constrained Consumers
January 14, 2025  |  BNPL

The appeal of stretching out one’s cash flow — making payments over time rather than all at once, and pressuring bank accounts or boosting interest-bearing...

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CFPB Sues Capital One Over ‘Highest’ Rates Promotion
CFPB Sues Capital One Over ‘Highest’ Rates Promotion
January 14, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the...

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