Promoting Competition In Payments
August 28, 2024 9:47 pm Leave your thoughtsBy Rohit Chopra As consumers increasingly move and store their money using mobile device apps, we have seen a rise... View Article
Author Archives for steve
Medical debt’s impact on Alaska Native communities
August 27, 2024 7:00 pm Leave your thoughtsThe disproportionate impact of medical debt on Alaska Natives This week, CFPB Director Rohit Chopra will visit Alaska to... View Article
CFPB Releases Details On The Nonbank Registry (NBR) Portal And Public Database
August 25, 2024 11:59 pm Leave your thoughtsThe CFPB Nonbank Registry helps covered nonbanks understand, register, and comply with the Nonbank Registration Rule – Registry of Nonbank... View Article
US Banking Agencies Are Ramping Up Scrutiny Of Bank-Fintech Partnerships
August 21, 2024 8:25 pm Leave your thoughtsOn July 25, 2024, the U.S. prudential bank regulators released a Joint Statement on Banks’ Arrangements With Third Parties To... View Article
CFPB Advisory Opinion States Contracts For Deed Are Credit
August 14, 2024 11:59 pm Leave your thoughtsWritten By Richard Horn On August 13, 2024, the CFPB issued an advisory opinion regarding the applicability of the Truth... View Article
CFPB Takes Action Against Credit Repair Cloud And CEO Daniel Rosen For Enabling Credit Repair Companies That Harvest Illegal Fees
August 8, 2024 11:45 pm Leave your thoughtsWASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its lawsuit against Credit... View Article
Credit Card Delinquencies Are Higher Than In 2019 Because Lenders Took On More Risk
August 7, 2024 11:59 pm Leave your thoughtsAfter falling during the pandemic, the share of consumers with a delinquent credit card has increased rapidly since 2021 and... View Article
Junk Fees That Harm Competition
August 6, 2024 11:29 pm Leave your thoughtsThe Consumer Financial Protection Bureau is working to combat junk fees that hamper fair, transparent, and competitive markets and to... View Article
Statement Of CFPB Director Rohit Chopra, Member, FDIC Board Of Directors, On A Proposed Rule To Strengthen Oversight Of Large Asset Managers And Other Investors
July 30, 2024 10:16 pm Leave your thoughtsIn America, we don’t let just anyone own a nuclear power plant or operate a bridge. Certain sectors of our... View Article
Magistrate Judge stays further proceedings pending resolution of 10th Circuit appeal in Colorado litigation challenging Colorado opt-out statute
July 29, 2024 7:25 pm Leave your thoughtsWe previously reported that, on July 18, the Colorado Attorney General and UCCC Administrator appealed to the 10th Circuit Court of Appeals... View Article
