CFPB Enforcement Director Eric Halperin identified areas of evolving risk that can disrupt a "level playing field" in the market for consumer financial products.
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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 FTC final rule amending requirements that allow a consumer to prohibit the use of certain information obtained from affiliates for customer solicitation was published in the Federal Register.
An FTC final rule amending the Commission's requirements for entities using information from customer reports for unsolicited credit or insurance advertising was published in the Federal Register.