CFPB Proposes Rule to Regulate Data Brokers Selling Sensitive Information
In today's digital landscape, data brokers are like modern-day gold miners, sifting through the intimate details of our lives ...
Capital One sued by US CFPB for avoiding billions in interest payments
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally ...
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CFPB Updates No-Action Letter and Compliance Assistance Sandbox Policies to Spur Innovation
On January 3, 2025, the CFPB announced a reboot of its no-action letter and compliance assistance sandbox policy, aimed at ...
Mortgage News Daily7dOpinion
Servicing Tools; Fee Collection, HMDA Compliance Tools; CFPB, Credit Reports, Gov't News
We all get the same 365 days. The only difference is what we do with them.” In 2024 a lot of lenders buckled down every day.
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New CFPB regulation removes medical debt from credit reports, easing financial burden
In a groundbreaking move, the Consumer Financial Protection Bureau (CFPB) has approved a regulation that will exclude medical debts from American credit reports.
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CFPB accuses Walmart and Branch of opening illegal accounts
In the lawsuit filed Monday, the CFPB alleged that workers in Walmart's Spark Driver program paid more than $10 million in fees and were forced to receive their pay using the Branch app or face being ...
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CFPB rule bans lenders from using medical debt in credit report determinations
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau (CFPB), the agency said Tuesday ...
Compliance Week23d
CFPB sues big banks behind money transfer app Zelle over lax oversight, fraud
the CFPB alleged. Zelle, designed by Arizona-based Early Warning Systems, which is owned by the nation’s seven largest banks, was created with the aim to gain entrance into the online “peer-to-peer” ...