Trump Wants to Shut Down the CFPB: Why Retirees Should Care
The Consumer Financial Protection Bureau has done a lot to protect consumers, including retirees, since its inception nearly ...
Hosted on MSN4d
Trump administration moves to shut down Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is likely the next federal agency on the chopping block as President Donald Trump ...
HousingWire4d
The CFPB may be frozen, but RESPA hasn’t gone away
Regulatory experts weigh in on what Russell Vought’s decision to shut off CFPB funding means for the enforcement of RESPA and ...
Reuters14d
Negative Option Offers: Compliance and Best Practices
The term “negative option” broadly refers to a category of offers in which sellers interpret a customer’s failure to take an affirmative action (such as rejecting an offer or canceling an ...
The Hill14d
RFK Jr. tells senators he will not keep fees from vaccine lawsuit
Robert F. Kennedy Jr., President Trump’s nominee for Health and Human Services secretary, told senators Friday he will divest his financial stake in a lawsuit against pharmaceutical giant Merck ...
JD Supra14d
CFPB Takes Action Against Fintech for Alleged Deceptive ATM Fee Disclosures and Violations of the Electronic Fund Transfer Act
The CFPB claimed thousands of consumers were overcharged approximately $156,000 in ATM fees, primarily due to the Company presenting outdated or factually inaccurate disclosure forms regarding the ...
The National Law Review15d
CFPB Orders Remittance Company to Pay $2.5 Million for Deceptive Practices and Inaccurate Disclosures
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...
bankingdive15d
Trump-era CFPB has full plate following Chopra’s flurry of activity
Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...
JD Supra17d
CFPB files amicus brief on FCRA disclosure requirements
On January 16, the CFPB filed an amicus brief with the U.S. Court of Appeals for the Seventh Circuit, arguing that the FCRA disclosure requirements intended to allow consumers to correct ...
The Business Journals17d
What new overdraft rule means for Bham banks, consumers
On Dec. 12, the Consumer Financial Protection Bureau (CFPB) introduced a rule for financial ... and the institution provides account-opening disclosures, among other provisions.
MarketWatch17d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed -- Update
Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed. In 2022, the ...
Morningstar17d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
In 2022, the CFPB said it spotted violations across some of Wells Fargo's consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had improperly ...