The CFPB analyzed complaints relating to crypto assets between October 2018 and September 2022 and found that the complaint rate increased year to year. The CFPB questioned whether crypto asset platforms are effectively monitoring for misconduct.
News & Insights
The FDIC and the Federal Reserve Board issued a joint letter to a digital asset custodian stating that the firm has been making "false and misleading" statements that customers who have opened accounts benefit from FDIC insurance.
The CFPB charged a credit-repair software and solutions company and its CEO with assisting credit-repair businesses in their collection of advance fees from consumers, in violation of the Telemarketing Sales Rule.
The CFPB analyzed consumer complaints concerning private or federal student loans, including those related to debt collection and COVID-19.
A District Court judge granted preliminary approval to an agreement that would allow a bank to settle a class-action lawsuit filed as a result of alleged retail sales misconduct.