Elizabeth Warren urges Trump to support CFPB efforts to fight debanking
The Massachusetts senator urged President Trump to work with regulators to stop what she called unjustified closing of bank ...
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
Mises Institute6d
The Consumer Financial Protection Bureau Harms Those Whom It Claims to Protect
If President Trump is looking for a federal agency to abolish, he needs to look no further than the misnamed Consumer ...
How to Submit a Complaint to the CFPB
The Consumer Financial Protection Bureau is a federal agency that protects consumers from predatory lenders and credit card ...
The National Law Review20d
CFPB Issues Warning on Risks of Home Equity Contracts, Takes Legal Action to Ensure Compliance with TILA
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American Banker20d
Big Tech companies challenge CFPB's attempt to police them
The bureau did not write this rule until recently, however. In their complaint, the groups said Congress did not give the CFPB free rein in choosing which nonbank entities to supervise under this ...
Investopedia21d
CFPB Fines CashApp $175 Million for Allegedly Mishandling Fraud Claims
Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking ...
The Verge21d
CFPB sued for trying to regulate digital payment apps more like banks
Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in ...
Channel NewsAsia Singapore21d
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 security protocols on its mobile payment service Cash App. The regulator ...
Seeking Alpha21d
CFPB orders Cash App parent Block to pay $175M for fraud failures
The Consumer Financial Protection Bureau ordered Block (NYSE:SQ) to pay restitution of up to $120M and a penalty of $55M over alleged weak security protocols for its Cash App, the agency said on ...
Channel NewsAsia Singapore21d
Tech groups sue US CFPB to block rule on payment apps, digital wallets
According to the complaint filed in Washington ... in its haste to dream up a problem in search of a solution." The CFPB had no immediate comment on the lawsuit. In announcing the final rule ...
FOX 10 Phoenix22d
Capital One sued by CFPB for allegedly cheating customers out of $2 billion
In a complaint filed Tuesday, the CFPB accused Capital One of promising depositors that their 360 Savings account provided one of the nation's "top," "best" and "highest" interest rates but froze ...