CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for ...
National Mortgage News1h
GOP lawmakers file bill to defund the CFPB
Republican lawmakers have filed legislation to defund the Consumer Financial Protection Bureau, adding more uncertainty over GOP plans for the financial regulator.
JD Supra3h
CFPB Proposes a New Rule Prohibiting Certain Contractual Terms for Consumer Financial Products
On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in ...
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Trump-era CFPB has full plate following Chopra’s flurry of activity
As Republicans mull unwinding Biden-era CFPB policies, Chopra’s strategy seems to have been “to make that as hard as possible ...
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CFPB Report Finds U.S. Servicemembers Facing Higher Costs in Auto Lending Market
The CFPB reports that US servicemembers pay more for auto loans than civilians, highlighting larger loans, smaller down ...
American Banker19h
CFPB orders Wise to pay $2.5M for illegal remittance practices
Money remittance provider Wise said it "strongly disagrees" with the Consumer Financial Protection Bureau's characterization ...
Trump must cancel CFPB censorship
The Trump administration and Congress must end the weaponization of financial rules and attempts at censorship by financial regulators.
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Consumer Financial Protection Bureau faces new threat
Senate Republicans, led by Ted Cruz, introduced a new measure to defund the CFPB, a watchdog agency with oversight of ...
He Expected Trump to Fire Him, but Rohit Chopra Still Has His Job
Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a ...