CFPB Creates “Repeat Offender Unit” to Target Large Banks
CFPB Creates “Repeat Offender Unit” to Target Large Banks In a recent report about its supervisory activity, the Consumer Financial Protection Bureau (CFPB) said that it had created a “repeat offender unit” to monitor large banks that frequently violate consumer...
Big Banks Predicting Recession This Year
Big Banks Predicting Recession This Year More than two-thirds of economists at 23 big financial institutions that do business with the Federal Reserve are predicting that the U.S. will have a recession in 2023, and two others predict a recession in 2024. The...
CFPB Exploring New Rules for Credit Reporting Companies
CFPB Exploring New Rules for Credit Reporting Companies The Consumer Financial Protection Bureau (CFPB) recently released an annual report on deficiencies in how credit reporting companies respond to consumer complaints. The report includes considerations for how the...
