CFPB Increases Consumer Protections for ‘Buy Now, Pay Later’ Schemes
From today’s NBC7 San Diego: You’ve probably noticed a new way to pay when shopping online over the past few years. It’s known as “buy now, pay later,” or BNPL.…
SCOTUS Rules CFPB Funding Constitutional
From today’s NPR News: The Supreme Court on Thursday rejected a challenge to the constitutionality of the structure used to fund the Consumer Financial Protection Bureau, the federal agency tasked…
SCOTUS Skeptical of Constitutional Challenge to CFPB
From today’s NPR News: n a major Supreme Court case involving the structure of government, a majority of justices seem inclined to uphold the way the Consumer Financial Protection Bureau…
Supreme Court May Undermine Consumer Rights
From today’s Politico News: Democrats who created the Consumer Financial Protection Bureau a decade ago thought they could shield the agency from political pressure by funding it through the Federal…
CFPB Employee Sent Consumer Data to Personal Email Account
From today’s Reuters News: A former employee at the U.S. Consumer Financial Protection Bureau (CFPB) sent confidential records relating to hundreds of thousands of consumers and several financial institutions to…
Federal consumer agency hires exec in complaint-ridden Pa. firm as watchdog
From today’s Philadelphia Inquirer: So far this year, more than 1,000 student borrowers have complained to the Consumer Financial Protection Bureau (CFPB) in Washington about the practices of an obscure…
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“Unqualified” Trump appointee set to take over consumer protection agency
From today’s Los Angeles Times: If all goes according to Republican plan, this is the week a person with no experience in consumer protection will take over the consumer watchdog…
Student Loan Watchdog Quits, Says Trump ‘Turned Its Back’ On Borrowers
From today’s NPR News: The federal official in charge of protecting student borrowers from predatory lending practices has stepped down. In a scathing resignation letter, Seth Frotman, who until now…
Senators urge CFPB not to ‘abandon’ duty to protect troops, families
From today’s Military Times: In the wake of reports that a key federal consumer protection agency is considering pulling back from efforts to protect service members from predatory lenders, 49…
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Mick Mulvaney says CFPB’s priority is ‘free markets and consumer choice’
From today’s LA Times: Consumer Financial Protection Bureau chief Mick Mulvaney told lawmakers Wednesday that the agency’s new priority is “to recognize free markets and consumer choice” and take “a…