CFPB Director Rohit Chopra and European Commissioner for Justice and Consumer Protection Didier Reynders began an "informal dialogue" to address "critical" consumer protection issues related to the "digitalisation of the financial services."
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The CFPB extended the comment deadline on a request for information on (i) the business practices of data brokers and (ii) the collection and sale of consumer information. The new comment deadline is July 15, 2023.
The CFPB is seeking comment on the business practices of data brokers and the collection and sale of consumer information.
In an Advisory Opinion, the CFPB reminded operators of Digital Mortgage Comparison-Shopping Platforms of referral fee prohibitions under the Real Estate Settlement Procedures Act.
The CFPB opened an Office of Competition and Innovation to promote competition and identify stumbling blocks for new market entrants.