What does having the Consumer Financial Protection Bureau on hold mean for consumers?
The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration ...
Why the U.S. stock market may continue to hold up even as inflation rises again
Some investors had an inflation scare on Wednesday, but the U.S. stock market as a whole seems to have shrugged it off so far. The Bureau of Labor Statistics reported a 0.5% increase in the ...
JD Supra1d
CFPB Shaken Up While Courts Address Consumer Fraud Obligations Under EFTA and Convenience Fees
The new administration continues to shake up the financial services regulatory environment. The CFPB’s new acting director indicated over the weekend ...
Synchrony Financial: Slow And Steady Wins The Race
Synchrony Financial reported a mixed bag of Q4 results, with revenue and EPS falling short of estimates. Read why SYF stock ...
What CFPB Halt Means for Medical Debt Forgiveness for Millions of Americans
Newsweek reached out to the CFPB via email for comment ... damage caused by these misguided regulatory actions and stand ...
Trump appoints Treasury secretary as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...
CFPB halts work after Trump appoints Bessent as acting head
The Consumer Financial Protection Bureau is a consumer watchdog agency formed in the wake of the 2008 financial crisis. Elon ...
Wall Street Journal16d
Ted Cruz Leads Republican Charge to Defund Consumer-Protection Agency
WASHINGTON—Republicans, riding high from their election sweep of the House, Senate and White House, are again pushing to hobble the Consumer Financial Protection Bureau, the governmental entity ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...
Morningstar18d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
The 2022 order stipulated that the bank align itself with consumer finance regulations and pay both consumer redress and the highest penalty the CFPB had ever ordered. In 2016, the CFPB fined the ...
CNET21d
Cash App Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...
American Banker22d
Why Democrats are still in charge of the CFPB and OCC
Finding the right person for the job is compounded by political dynamics and the historical difficulties of filling certain positions such as the job of CFPB director, the banking experts said. "Just ...