Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
American Banker1d
CFPB's lawsuits against banks: Five cases to watch in 2025
The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to ...
Powerless Against Financial Scams, The CFPB Scapegoats The Big Banks
The CFPB apparently can’t see that its lawsuit will give bank customers the real Gordon Tullock, and in the worst way ...
Dallas Examiner15d
CFPB finalizes rule to protect consumers from excessive overdraft bank fees
New rule by CFPB limits overdraft fees, saving consumers up to $5 billion annually. The rule aims to protect consumers from ...
JD Supra21d
CFPB Issues Proposed Rule to Cover Data Brokers Under the Fair Credit Reporting Act
In the proposed rule, § 1022.4(b)-(c) clarifies the CFPB’s interpretation of the definition’s second prong, which would cover data brokers. Consumer reporting agencies sell credit header ...
American Banker22d
Banks sue CFPB for capping overdraft fees at $5
The CFPB said in the 296-page rule that the "exception was evidently intended to ... including those who have few other options to cover essential payments." Banks have said they may be forced to ...
JD Supra4d
CFPB Finalizes Rule Preventing Overdraft Fee Loophole for Large Banks
In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...