Americans are filing a record-breaking number of complaints to the Consumer Financial Protection Bureau during the pandemic. Complaint levels are up 50% over the same time frame last year, from March to June 2019.
The Supreme Court ruled Monday, June 29, 2020, that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. CFPB is a consumer watchdog. It regulates consumer financial products and services under existing federal consumer financial laws
The Consumer Financial Protection Bureau has filed suit against Citizens Bank in Providence, Rhode Island. CFPB alleges violations of the Truth in Lending Act by the bank in multiple occasions.