Stories Tagged as
CFPB
Buy Now, Pay Later platforms will soon be more regulated
May 22, 2024
The Consumer Financial Protection Bureau announced new rules today requiring companies like Afterpay and Klarna to investigate when customers dispute a charge, and issue refunds for returned products. They'll also have to provide periodic billing statements.
When it comes to crypto, it's buyer beware
Nov 11, 2022
The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
"Buy now, pay later" can come with a cost, federal consumer watchdog says
Sep 19, 2022
The CFPB says delinquencies and late fees add up and recommends tighter regulation of loans in line with the credit card industry.
Peer-to-peer payment use is growing. So are scams.
Jul 20, 2022
The Consumer Financial Protection Bureau will reportedly push banks to reimburse customers who lose their money through scams on apps like Paypal, Venmo and Zelle.
Here's why the CFPB is concerned about credit card late fees
by
Justin Ho
Jun 23, 2022
Credit card companies can change their fees based on inflation.
CFPB warns lenders of "tidal wave" of distressed mortgages
Apr 5, 2021
But homeowners are in a better position to avoid foreclosure than they were in the last crisis.
Financial watchdog expected to regain teeth under Biden
Dec 18, 2020
Under President Trump, the Consumer Financial Protection Bureau relaxed rules on payday lending and debt collection.
For public good, not for profit.
CFPB rolls back restrictions on payday lenders
Jul 9, 2020
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
Coronavirus pushes up demand for financial literacy, but money to pay for it is tight
Apr 22, 2020
The federal agency has a $1.2 billion fund to pay fraud victims, but can also use it for financial literacy programs.
With the CFPB's future uncertain, New York and other states want to step in
by
Justin Ho
Mar 5, 2020
Some states are stepping up their plans to regulate the debt collection industry. Consumer advocates say the moves come at a time when Federal protections are weakening.