CFPB Enforcement Director Eric Halperin identified areas of evolving risk that can disrupt a "level playing field" in the market for consumer financial products.
News & Insights
18 News Results
Based on 2022 survey data and credit bureau records, the CFPB reviewed the financial profiles of Buy Now, Pay Later borrowers.
The CFPB sued an online lender and several subsidiaries for violating the Military Lending Act by, among other counts, imposing fees that exceeded the Act's limit of 36 percent Military Annual Percentage Rate.
An online debt-settlement company settled CFPB allegations that the company "steered" consumers toward high-cost loans offered by affiliated lenders and failed to disclose affiliations with creditors.
A company specializing in lending to service-members settled CFPB charges that it conditioned its installment loans on repayment by allotment.