Mar 13, 2023 | Congressional Legislation, Federal Regulation, News
Republican House Members Press Chopra on Credit Card Late Fees Proposal Last week, 17 Republican members of the House Financial Services Committee sent a letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), concerning the CFPB’s credit...
Mar 10, 2023 | Federal Regulation, News
White House Pushes States to Join Crackdown on “Junk Fees” White House officials and Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently urged states to join their effort to crack down on “junk fees” that the officials say are...
Mar 8, 2023 | Federal Regulation, FinTech, News
CFPB Issues Report on Financial Profiles of Buy Now Pay Later Customers The Consumer Financial Protection Bureau (CFPB) recently published a report analyzing the financial profiles of buy now, pay later (BNPL) customers, finding that BNPL consumers were more likely to...
Mar 1, 2023 | Federal Regulation, Litigation, News
Supreme Court Opts to Hear CFPB Funding Case On Monday, the Supreme Court of the United States announced its long-awaited decision to hear a landmark case in its next term, Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of...
Feb 27, 2023 | Federal Regulation, News
CFPB Accuses Big Credit Card Companies of Hurting Consumer Credit Scores by Failing to Report Payments The Consumer Financial Protection Bureau (CFPB) has accused the six largest credit card companies in the U.S. of hurting their customers’ credit scores by failing to...
Feb 20, 2023 | Federal Regulation, News
Biden Taps Fed’s Brainard for National Economic Council Director Last week, President Biden named Federal Reserve Vice Chair Lael Brainard as his top economic advisor, replacing outgoing NEC Director Brian Deese. Brainard will work alongside Treasury Secretary Janet...
