The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from ...
CFPB Workers File Grievance to Block Deferred Resignation Plan
The union representing Consumer Financial Protection Bureau employees says that a deferred resignation proposal from the ...
Equifax Ordered to Pay $15 Million: Here's What Consumers Should Know
Equifax was heavily fined by the Consumer Financial Protection Bureau for not adequately investigating consumer credit report ...
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 ...
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CFPB Fines CashApp $175 Million for Allegedly Mishandling Fraud Claims
The Consumer Financial Protection Bureau fined Cash App and its parent company, Block, $175 million Thursday for how it handled customer fraud complaints ... said CFPB Director Rohit Chopra.
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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 ...
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US CFPB fines Cash App-parent Block over insufficient fraud protection
"When things went wrong, Cash App flouted its responsibilities and even burdened local banks with problems that the company caused," said CFPB Director Rohit Chopra. In response, Block said the ...
Tech Groups Sue US CFPB to Block Rule on Payment Apps, Digital Wallets
(Reuters) - Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital ...
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CFPB orders Cash App parent Block to pay $175M for fraud failures
The CFPB alleged that Block's (NYSE:SQ) Cash App had closed cases of reported fraud without opening a legally required investigation. Block allegedly directed users who incurred financial losses ...
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Tech groups sue US CFPB to block rule on payment apps, digital wallets
NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively ... According to the complaint filed in Washington, D.C., federal court, "The bureau failed to show what ...
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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 ...
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Tech groups sue US CFPB to block rule on payment apps, digital wallets
The trade groups also said the CFPB identified no consumer risks or ... and more than 13 billion overall. According to the complaint filed in Washington, D.C., federal court, "The bureau failed ...