CFPB Finalizes Rule To Stop Payday Debt Traps
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once.
Newsroom archive
Prepared Remarks of CFPB Director Richard Cordray on the Payday Rule Press Call
After a long process of research, outreach, and review of over one million public comments, the Consumer Bureau today has issued a rule aimed at stopping debt traps on payday and auto title loans.
CFPB Seeks Comment on Proposed Changes to Prepaid Rule
Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets.
Consumer Financial Protection Bureau Sues Payment Processor For Enabling Unauthorized Withdrawals And Other Illegal Acts By Clients
Intercept Corp. Ignored Red Flags for Potential Fraud and Illegal Activity by Clients.
CFPB Takes Action Against Dwolla for Misrepresenting Data Security Practices
Payment Processor Deceived Consumers About the Data Security Risks of Using Its Online System The Bureau today took action against online payment platform...
Prepared Remarks of CFPB Director Richard Cordray at a Meeting of the Credit Union Advisory Council
I want to welcome you all to this meeting of the Credit Union Advisory Council, which has been convened to talk about consumer challenges in payment...
Prepared Remarks of CFPB Director Richard Cordray at the CFPB Forum on eClosings
Thank you all for joining us today. We have convened this forum to discuss the results of our pilot project on electronic mortgage closings, which are known...
CFPB Outlines Guiding Principles for Faster Payment Networks
CFPB Wants to Ensure Consumer Protections Are Built Into New Payment Systems From Outset Today the Bureau outlined guiding principles for protecting...
Prepared Remarks of CFPB Director Richard Cordray at The Clearing House
Today I want to talk to you about electronic payment networks in general. This includes the ACH system but it also includes debit card networks and the...
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