CFPB

Equifax nears $700 million settlement of probes into data breach

07/19/19

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

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Senior House Republican proposes credit reporting changes

07/19/19

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.

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Policymakers shouldn’t undermine existing overdraft regulations

07/18/19

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

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CFPB urges financial institutions to report elder fraud cases

07/17/19

The consumer bureau said banks are "uniquely positioned" to know if an elderly customer is being targeted by fraudsters.

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'Let's encourage banks to join payday lenders': Comments of the week

07/11/19

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.

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In reversal, FHFA defends constitutionality of its leadership structure

07/09/19

The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.

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Debt settlement firm deceived customers about its services: CFPB

07/09/19

Freedom Debt Relief claimed it could negotiate on consumers’ behalf with creditors that in fact avoided dealing with debt settlement companies, the agency alleges.

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Banks take a pass on rollback of overdraft rule

07/08/19

The CFPB asked whether 10-year-old consumer protections against overdrafts are onerous or unfair, especially to smaller financial institutions, but banking industry officials largely said any changes could invite new problems.

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'What a bunch of Luddites!': Comments of the week

07/04/19

Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.

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SCOTUS ruling means less deference for bank regulators in court

07/04/19

A recent high court decision said judges no longer have to automatically give agencies the benefit of the doubt when interpreting their regulations.

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