The Federal Trade Commission proposed a new rule to combat "junk fees." The CFPB issued an advisory opinion clarifying financial institution obligations to respond to consumers' account requests and provide information on fees and charges.
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The CFPB, DOJ, FTC and Equal Employment Opportunity Commission reaffirmed their commitment to monitoring the development and use of artificial intelligence to ensure “responsible innovation” and protect individuals’ rights.
A consumer credit reporting agency agreed to an FTC, CFPB, and 50 U.S. states and territories settlement for failing to secure personal information within the agency's network, leading to the data breach of 147 million people.
The Consumer Financial Protection Bureau and the Federal Trade Commission highlighted efforts to stop improper debt collection practices.