Senate Banking Committee Chair Sherrod Brown (D-OH) pressed Treasury, the SEC and the CFTC to take further action to remedy disclosure deficiencies associated with digital asset tokens and digital asset platforms.
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A bank settled CFPB charges for failing to respond to customers’ credit card disputes and fraud claims.
The American Banker Association expressed concern over a CFPB proposal to establish a public registry designed to collect information about public agency orders and judgments related to violations of the consumer protection laws.
The CFPB determined that the commercial financing disclosure laws required under California, New York, Utah, and Virginia state law are not preempted by the Truth in Lending Act.
The Government Accountability Office recommended that the CFPB provide clarity on how the definition of “credit” in the Truth in Lending Act and Regulation Z should be applied to earned wage access products.