The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.
CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.
The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.
The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.
La CFPB publicó un nuevo reporte sobre como los productos financieros usados para entregar beneficios públicos, afectan el acceso a la asistencia provista.
The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided through those programs.
Federal Regulators Fine Bank of America $225 Million Over Botched Disbursement of State Unemployment Benefits at Height of Pandemic
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.
The Consumer Financial Protection Bureau (Bureau) released today the results of a pilot study, Planning for tax-time savings, launched with the tax preparation company H&R Block that shows that simple messages encouraging customers to use their prepaid card to save at tax time increased the likelihood that they would do so.
Consumer Financial Protection Bureau Announces System for Prepaid Issuers to Submit Account Agreements
The CFPB announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements to the Bureau.
Changes Provide More Flexibility and Extend Effective Date to April 2019.
Consumer Financial Protection Bureau Statement On Prepaid Rule.
Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets.
Thank you all for joining me on this call. Today, the Consumer Bureau is taking action against UniRush, which administers the RushCard, and Mastercard, its...
CFPB Orders Mastercard and UniRush to Pay $13 Million for RushCard Breakdowns That Cut Off Consumers' Access to Funds
Preventable Failures Left Tens of Thousands of Economically Vulnerable Consumers Unable to Pay for Necessities.
Report Also Includes In-Depth Look at Consumer Complaints from North Carolina.
Thank you for joining us on this call. The CFPB today has finalized a new rule providing strong federal consumer protections for prepaid account users.
New Rule Includes ‘Know Before You Owe’ Prepaid Disclosures.
Prepared Remarks of CFPB Director Richard Cordray to Corporation for Enterprise Development Assets Learning Conference
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us...
Project Also Finds Savings Persist After Offers End.
Report Also Includes Look at Consumer Complaints from Texas and the Houston Metro Area Today, the Bureau released its latest monthly consumer complaint...
Today, CFPB Director Richard Cordray issued the following statement in response to the RushCard situation, a prepaid card...
Today, the Bureau announced a Project Catalyst research pilot to analyze the effectiveness of certain practices designed to encourage positive saving...
Today, we are proposing a new rule to bring strong consumer protections to the prepaid market. Consumers need and deserve to be able to use sustainable...
Today the Bureau is proposing strong, new federal consumer protections for the prepaid market. The proposal would require prepaid companies to limit...
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans The Bureau is now accepting complaints from consumers encountering...