CFPB
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CFPB Employee Breached Data of 256,000 Consumers
The data sent by the employee, who was cleared to access the information in their day-to-day duties, included two spreadsheets with transaction-specific account numbers for around 256,000 individuals.
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Wells Fargo Will Pay $3.7 Billion Over Consumer Abuses on Auto Loans, Mortgages and Accounts
CFPB has ordered the bank to pay ordered to pay a $1.7 billion civil penalty and more than $2 billion in redress to million of consumers.
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US Bank Get $37.5 Million Fine for Opening Fake Accounts
U.S. Bank for illegally accessed customers’ credit reports and opened checking and savings accounts, credit cards, and lines of credit without customers’ permission.
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How to File a CFPB Complaint and When You Should Do It
The Consumer Financial Protection Bureau (CFPB) is a federal government agency that collects consumer complaints about credit cards, mortgages, bank accounts, student loans, consumer loans, credit reporting, money transfers, and debt collection
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CFPB Looking Into American Express Sales Practices for Consumer Cards
While some information about the investigation into the business credit card sale was already known, the consumer cards part is new.
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Debt Collectors Will Soon Be Able to Contact You on Social Media
Debt Collectors Will Soon Be Able to Contact You on Social Media The Consumer Financial Protection Bureau (CFPB) finalized a new rule today that will let debt collectors contact consumers not just by phone, as presently permitted, but also by email, text message, and even using platforms like Facebook, Instagram, and Twitter. The new rule…
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CFPB Has Seen 50% Increase on Complaints During Pandemic
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.
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Supreme Court Says Structure of CFPB is Unconstitutional
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
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Citizens Bank Sued by CFPB for Violating Truth In Lending Act
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.
