The head of a federal agency for consumers has packed up his office. But will Trump fire him?
The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, ...
JD Supra47m
CFPB Rescinds 2020 Advisory Opinion on Earned Wage Access Products
As part of a flurry of last minute regulatory activity by the Biden administration’s Consumer Financial Protection Bureau (CFPB or Bureau), on ...
Auto repossessions surpass pre-pandemic levels, CFPB report shows
CFPB Director Rohit Chopra pointed out that supply chain disruptions and higher interest rates have pushed up the costs of ...
American Banker1h
Auto repos by third-parties spiked after pandemic: CFPB
The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.
JD Supra1h
New Frontiers: CFPB Proposes Extending Consumer Protections to Other Digital Payment Mechanisms
In the waning days of the Biden Administration, the Consumer Financial Protection Bureau (CFPB) on Jan. 10, 2025, issued a proposed interpretive ...
Opinion
Why Is Rohit Chopra Still Employed at the CFPB?
The Biden nominee is trying to pose as a friend of the little guy to keep his job under Trump.
nationalmortgageprofessional.com7h
CFPB Medical Debt Rule Could See Delay, Reconsideration
The Consumer Financial Protection Bureau’s (CFPB) new rule banning medical debt from credit reports could see a delay and further reconsideration.
Equifax ordered to pay $15 million for improper investigations regarding credit card errors
ATLANTA, Ga. (Atlanta News First) - The Consumer Financial Protection Bureau (CFPB) this week ordered Equifax to pay $15 million for failing to conduct proper investigations regarding credit card ...
Hoodline4h
Auto Repossession Rates Surpass Pre-Pandemic Levels as Financial Strain Hits Consumers, CFPB Reports
The CFPB reports a rise in auto repossessions in December 2022, surpassing pre-pandemic levels, and an increased use of third-party forwarders, raising costs for consumers.
How your credit score could jump by as much as 20 points without you having to do anything
The CFPB estimates credit scores could jump by up to 20 points when medical debt disappears from reports. That impact can be ...
American Banker1h
GOP floats credit union taxes, repealing FDIC orderly liquidation authority
A document circulated by the House Ways and Means Committee makes a number of suggestions for cutting federal spending, including revoking the federal tax exemption for credit unions and eliminating ...