Consumer Financial Protection Bureau: the watchdog Republicans love to hate
The CFPB was established when Congress passed and President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The statute was enacted to prevent the events that led to the 2008 Great Recession, the most profound economic crash and downturn since the 1929 Great Depression.
Google sues after Consumer Financial Protection Bureau orders supervision of its payment arm
The Consumer Financial Protection Bureau (CFPB) on Friday said it has ordered federal supervision of Google Payment Corp. after determining that it meets the legal requirements for such oversight. The CFPB monitors banks,
Google is suing a federal regulator over supervision of its payment division
Google is taking on part of the United States government in court. Specifically, Google is suing the Consumer Financial Protection Bureau, per Reuters. The search engine company decided to take the federal consumer watchdog to court after the agency ordered supervision of Google Payment,
Google pushes back against federal supervision of its payment arm
The Consumer Financial Protection Bureau announced Friday that it was placing Google’s payment arm under federal supervision. In response, Google filed a lawsuit seeking to block the move. Such supervision would subject Google to the same inspections that the bureau conducts with major banks and other financial institutions for potential violations of the law.
Google sues CFPB for trying to put it under state supervision
Google has filed a lawsuit against the CFPB over its efforts to put the company under a bank-like state supervision regime.
American Banker10h
CFPB's Chopra says he won't resign, but he will leave
In testimony before the Senate Banking Committee Wednesday morning Consumer Financial Protection Bureau Director Rohit Chopra ...
National Mortgage News6h
Lender group turns to CFPB to stop trigger leads
Now that the legislation has been taken out of a budget bill, the Community Home Lenders of America argues for a regulatory ...
ConsumerAffairs6h
CFPB's Chopra won't resign prior to Trump's inauguration
The days are dwindling down to a precious few for political appointees in Washington, as the incoming Trump Administration ...
JD Supra8h
CFPB Proposes New Rules That, If Finalized, Would Significantly Expand FCRA’s Reach
On December 3, 2024, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking (NPR) – Protecting Americans from ...
American Banker1d
CFPB has a new tool to examine customer service at banks
A new question field on the Consumer Financial Protection Bureau's consumer complaint form is tied to an advisory opinion on ...
MyChesCo on MSN1d
CFPB Files Lawsuit Against Comerica Bank for Alleged Failures in Serving Vulnerable Customers
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Comerica Bank, accusing it of systematically ...
JD Supra5h
CFPB Proposes Broad New Data Broker Rule That Would Greatly Expand the FCRA
On December 3, 2024, the Consumer Financial Protection Bureau (CFPB) published its long anticipated proposed rule aimed at regulating data ...
Paradise Post on MSN1d
CFPB will distribute $1.8B to victims of credit repair ‘scheme’
Customers charged illegal fees by two of the largest credit repair firms will soon see a refund check, the Consumer Financial Protection Bureau announced Thursday. The CFPB says it will distribute $1.
CFPB sues Comerica for ‘systematically failing’ federal benefits recipients
The watchdog, which Comerica sued last month over its “costly” investigation, alleged the bank intentionally dropped 24 ...
CFPB Seeks to Remove 'Coerced Debt' From Victims' Credit Reports
The Consumer Financial Protection Bureau is working on a rule that would allow domestic violence and elder abuse victims to ...
Google Payment placed under CFPB supervision, company hits back with lawsuit
The Consumer Financial Protection Bureau has established supervisory authority over Alphabet's Google Payment, citing ...
Consumer watchdog faces daunting future under Trump
The Consumer Financial Protection Bureau (CFPB) is headed for a rocky future under President-elect Trump. The powerful financial watchdog agency is in for a reckoning during a second Trump ...