Newsroom - Consumer Financial Protection Bureau
5 days ago · The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
CFPB sues Chase, BofA and Wells Fargo over 'widespread' fraud …
1 day ago · CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...
Walmart illegally opened bank accounts for over 1 million drivers, CFPB …
4 days ago · The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access ...
Prepared Press Call Remarks of CFPB Director Rohit Chopra on the …
Dec 20, 2024 · The CFPB’s lawsuit seeks to hold these banks accountable and ensure that American families can trust their money is protected when they send payments. The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair ...
CFPB Closes Overdraft Loophole to Save Americans Billions in Fees
Dec 12, 2024 · "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans." Today’s action closes the large bank regulatory loophole that exempted overdraft fees as a finance charge.
More than 4 million people to share $1.8 billion in refunds ... - CBS News
Dec 5, 2024 · More than 4 million Americans gouged by credit repair companies including Lexington Law and CreditRepair.com will soon collectively receive $1.8 billion in refund checks, the Consumer Financial...
‘Delete CFPB’: Musk calls for elimination of consumer bureau
Nov 27, 2024 · Republicans and the financial industry have long targeted the CFPB for what they consider its overly aggressive regulation.
Supreme Court upholds CFPB funding, saving agency
May 16, 2024 · The Consumer Financial Protection Bureau’s funding stream, which bypasses the congressional appropriations process, is constitutional, the Supreme Court ruled Thursday, saving the...
Trump could dismantle new guardrails on your wallet ... - NBC News
Dec 2, 2024 · Advocates say they’re bracing for a sharp reversal at the Consumer Financial Protection Bureau after four of the most aggressive years in its brief history.
CFPB Sues Major Banks Over Zelle Fraud Response - Forbes
1 day ago · According to the CFPB, in the 7 years that Zelle has been in operation, consumers lost more than $870 million due to the banks’ failure to implement proper procedures to protect their customers ...