FTC

Why CFPB payday revamp is an even bigger deal than you think

03/29/19

The proposed rollback of underwriting requirements for small-dollar lenders could redefine a legal doctrine that governs rules affecting other companies as well.

[more]

CFPB, FTC need more teeth in dealing with credit bureaus, GAO says

03/26/19

The watchdog’s report — requested by Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md. — called for civil money penalty authority and better supervision to guard consumer data.

[more]

What will it take for Congress to act on a data breach?

12/07/18

Familiar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything?

[more]

Brown, Rubio float bill to protect small-business borrowers

12/06/18

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

[more]

Refund checks sent to more than 430,000 NetSpend prepaid card users

09/17/18

The payments, which total more than $10 million, stem from a 2017 settlement with the Federal Trade Commission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds.

[more]

Two lawmakers urge CFPB, FTC to keep pressure on Equifax

09/07/18

Sen. Elizabeth Warren and Rep. Elijah Cummings have called for an update on probes into the credit reporting giant a year after its massive data breach came to the light.

[more]

A chance for consumers to 'know what the credit bureaus know'

07/12/18

Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.

[more]

Equifax reaches deal with 8 states on steps to avoid future breaches

06/27/18

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

[more]

Financial industry petitions FCC to make robocall lawsuits harder to win

05/10/18

Banking and mortgage groups are asking the Federal Communications Commission to issue new Telephone Consumer Protection Act rules that would make consumer lawsuits over robocalls harder to win.

[more]

Government accuses LendingClub of misleading borrowers

04/25/18

The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted.

[more]