With the CFPB’s future in limbo, so too are hundreds of millions in consumer settlements. For example, Reuters reported Monday (March 3), there is a $100 million pot of funds intended for borrowers that the Consumer Financial Protection Bureau (CFPB) says were harmed by student loan servicer Navient. And...
Big business had hoped the Trump administration would approach regulation somewhat differently than its predecessor. But a pair of announcements Tuesday (Feb. 18) from the Federal Trade Commission (FTC) suggest that some things are set to remain the same on that front. In the first,...
The new acting director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, reportedly told the agency’s employees Monday (Feb. 10) to stay out of the office and not perform any work tasks. Vought, who was appointed acting director of the CFPB Friday (Feb. 7)...
The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Workers at the financial regulator will work from home this week while their headquarters are closed down, CNBC reported Sunday (Feb. 9). That shutdown lasts through Feb. 14, the report...
February 09, 2025
The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Workers at the financial regulator will work from home this week while their headquarters are closed down, CNBC reported Sunday (Feb. 9). That shutdown lasts through Feb. 14, the report said, the same day a judge is scheduled to hold […]
January 17, 2024
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put...
September 16, 2021
Nothing is as certain as death and taxes, they say. And when it comes to payments and credit innovations experiencing explosive growth, particularly buy now, pay later (BNPL) — perhaps...
August 25, 2021
As COVID-19 ebbs and flows and a sustainable re-opening for business and leisure remains shrouded in uncertainty, at least one thing has become clear; people everywhere are itching to pack...
March 04, 2025
The Consumer Financial Protection Bureau (CFPB) reportedly dropped its lawsuit targeting the operator and three owner banks of Zelle. The regulator said in a Tuesday (March 4) court filing that it dismissed the action against Early Warning Services, JPMorgan Chase, Bank of America and Wells Fargo “with prejudice,” CNBC reported Tuesday. The CFPB did not […]
March 03, 2025
With the CFPB’s future in limbo, so too are hundreds of millions in consumer settlements. For example, Reuters reported Monday (March 3), there is a $100 million pot of funds intended for borrowers...
February 18, 2025
Big business had hoped the Trump administration would approach regulation somewhat differently than its predecessor. But a pair of announcements Tuesday (Feb. 18) from the Federal Trade Commission (FTC) suggest...
February 10, 2025
The new acting director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, reportedly told the agency’s employees Monday (Feb. 10) to stay out of the office and not perform...
