CFPB Clarifies Employers’ Obligations When Using Background Dossiers and Algorithmic Scores in Employment Decisions
It’s long been an open secret that employers often review the consumer reports of job candidates when conducting background ...
USA Today5d
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
In 2017, then-President Donald Trump appointed White House Budget Director Mick Mulvaney to run the Consumer Financial Protection Bureau. As a Republican member of Congress, Mulvaney had ...
American Banker5d
Debt collectors sue the CFPB for 'overreach' on medical debt
ACA International and Specialized Collections Systems, a Houston-based debt collector, filed a lawsuit Thursday against the CFPB and Director Rohit Chopra in the U.S. District Court for the Southern ...
MarketWatch7d
CFPB Sues Experian Over Consumer Dispute Probes -- Update
Experian faces a government lawsuit alleging it fails to properly investigate consumer disputes, leading to credit-reporting errors. The Consumer Financial Protection Bureau sued the credit ...
American Banker4d
CFPB seeks input on protections for digital payments, crypto
The actions are widely expected to be rescinded by a new incoming acting CFPB director appointed by President-elect Trump. Both actions — a nonbinding interpretive rule on how existing law applies to ...
Bloomberg L.P.4d
CFPB Seeks to Strengthen Consumer Safeguards on Digital Payments
The top US consumer financial regulator is seeking to strengthen protections for customers against excessive surveillance and fraud in digital payments and currencies. The Consumer Financial ...
Fast Company8d
CFPB sues Experian over consumer credit accuracy
Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington ... the accuracy of consumer credit files, court records show. Through a California subsidiary ...
Yahoo Finance8d
CFPB Sues Berkshire-Owned Lender Over ‘Unaffordable’ Loans
“Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home,” CFPB Director Rohit Chopra said in a statement. “The CFPB’s lawsuit seeks to ...
ABC News9d
CFPB says unit of Warren Buffett's Berkshire Hathaway ignored red flags in manufactured home loans
The CFPB said Monday that Vanderbilt Mortgage & Finance's decisions put many families in a position where they struggled to pay their bills and purchase basic necessities. In one example ...
UPI8d
CFPB announces final rule to remove medical bills from credit reports
The CFPB said the new rule will remove roughly $ ... no longer any "avenue of prosecution," it provides a needed historic record. Jan. 11 (UPI) -- Special Counsel Jack Smith, who pursued two ...
AOL7d
CFPB sues Experian over ‘sham’ credit report investigations that harm consumers : “What more can I do?”
In a move that could have significant implications for consumers and the credit reporting industry, the Consumer Financial Protection Bureau (CFPB ... information with records of previously ...
AOL7d
CFPB sues Experian over "sham investigations" into consumer complaints
CFPB stated. Further, Experian reinserts inaccurate information into credit reports because it fails to match newly reported information with records of previously deleted information. Those who ...