Oct 31, 2024 | Federal Regulation, News
CFPB Finalizes Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently finalized its Personal Financial Data Rights Rule which it says is designed to give consumers greater privacy, security, and rights over their personal...
Oct 23, 2024 | Federal Regulation, News
CFPB Ramping Up Enforcement Efforts with SCOTUS Decision in Rear View The Consumer Financial Protection Bureau (CFPB) recently began to revive its enforcement efforts, as the U.S. Supreme Court (SCOTUS) has mostly settled questions regarding the bureau’s funding after...
Oct 9, 2024 | Federal Regulation, News
CFPB Issues Warning to Medical Debt Collectors The Consumer Financial Protection Bureau (CFPB) has started crafting a bill that would bar the reporting of medical debt on consumer credit reports, part of a broader push by the agency against medical debt. The CFPB has...
Oct 3, 2024 | Congressional Legislation, Federal Regulation, News
Senate Democrats Ask CFPB to Enact Stricter Guardrails for BNPL Providers Several Senate Democrats wrote a letter to the Consumer Financial Protection Bureau (CFPB) urging the agency to establish stricter guidelines for buy now, pay later (BNPL) lenders and arguing...
Oct 1, 2024 | Federal Regulation, News
California Enacts Package of Consumer Protection Bills Last week, California enacted a package of consumer protection laws, including three bills aimed at restricting debt collection practices surrounding civil actions for money judgments, commercial debt collection,...
Sep 25, 2024 | Federal Regulation, News
CFPB Policy Reminder Says Banks Must Maintain Proof Consumers Opted In to Overdraft Fees The Consumer Financial Protection Bureau (CFPB) recently said in a policy reminder that banks must keep evidence that customers have opted in to overdraft coverage. As a default,...
