Consumer Financial Protection Bureau

Regulators Have Been Sounding the Drip Pricing Alarm for Years
Regulators Have Been Sounding the Drip Pricing Alarm for Years
July 31, 2024  |  Regulation

Washington, D.C., Attorney General Brian Schwalb’s new lawsuit against StubHub is just the latest occasion to call attention to practices that regulators have been contesting...

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Affirm Asks CFPB to Consider Unique Business Model of BNPL
Affirm Asks CFPB to Consider Unique Business Model of BNPL
July 29, 2024  |  BNPL

With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a...

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CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
July 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. The CFPB on Friday (July 26) sued...

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CFPB Finds Junk Fees on the Menu of School Lunch Programs
CFPB Finds Junk Fees on the Menu of School Lunch Programs
July 25, 2024  |  CFPB

Junk fees are taking a toll on lower-income parents trying to pay for school lunches. So says the Consumer Financial Protection Bureau (CFPB), which released...

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Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
July 19, 2024  |  Acquisitions

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...

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Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024  |  Bank Regulation

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Data underpins...

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CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has...

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CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  CFPB

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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Banking Sector Seeks More Time on CFPB Open Banking Rule
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024  |  CFPB

The banking industry wants more time to comply with a new rule governing consumer financial data. The open banking regulation in question is the Consumer...

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