The CFPB charged the largest debt collectors in the United States with violations of the Consumer Financial Protection Act and the Fair Debt Collection Practices Act.
News & Insights
58 News Results
The CFPB filed a Complaint against a payday lender, alleging that the company (i) concealed the option of a free repayment plan to consumers struggling to repay their short-term, high-cost loans and (ii) "made electronic withdrawals of consumers’ money without their authorization."
In a new policy statement, the CFPB clarified the Dodd-Frank Act "abusiveness standard" for supervision and enforcement.
The CFPB delayed the compliance date for an amendment to the definition of the General Qualified Mortgage category under the Truth in Lending Act.
CFPB Director Kathy Kraninger described agency initiatives focused on product experimentation, investigations and enforcement, and consumer education.