CFPB Releases Reports on Banking Access and Consumer Finance in Southern States
The Consumer Financial Protection Bureau (CFPB) today issued two new reports on the financial opportunities and challenges facing Southern communities.
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Reporte de la CFPB Identifica Problemas Creados por el Aumento del Uso entre Militares de Aplicaciones Digitales de Pago
CFPB publicó reporte anual sobre preocupaciones financieras entre familias militares. El reporte destaca crecimiento del uso de aplicaciones digitales de pago.
CFPB Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps
Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential abuse from bad actors.
Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.
Agencias Gubernamentales Proponen Directrices Inter Agenciales sobre Reconsideraciones del Valor de Valuaciones de Propiedades de Bienes Raíces Residenciales
Agencias federales solicitan comentarios públicos sobre directrices para reconsideraciones sobre el valor de transacciones de bienes raíces residenciales.
CFPB Takes Action Against Phoenix Financial Services for Illegal Medical Debt Collection and Credit Reporting Practices
The Consumer Financial Protection Bureau (CFPB) took action against medical debt collector Phoenix Financial Services (Phoenix) for numerous debt collection and credit reporting violations.
CFPB Toma Acción Contra Phoenix Financial Services por Prácticas Ilegales de Cobro de Deudas Médicas y Reporte del Crédito
CFPB tomó acción contra Phoenix Financial Services, por violaciones a las leyes en materia del cobro de deudas y el reporte del crédito.
CFPB Issue Spotlight Analyzes “Artificial Intelligence” Chatbots in Banking
The Consumer Financial Protection Bureau (CFPB) today released a new issue spotlight on the expansive adoption and use of chatbots by financial institutions.
CFPB analiza papel de Inteligencia Artificial en la banca
CFPB publica nuevo reporte destacando la exhaustiva expansión del uso de chatbots por las instituciones financieras.
Agencias solicitan comentarios sobre normativa de tasaciones automáticas
Seis agencias solicitaron comentarios del público sobre normativa diseñada para garantizar credibilidad e integridad en modelos usados en tasaciones de bienes raíces.
Billones de Dólares en Aps de Pago Carecerían de Garantía Federal
CFPB publica reporte destacando las aplicaciones digitales de pago, usadas comúnmente por consumidores y comercios.
CFPB Finds that Billions of Dollars Stored on Popular Payment Apps May Lack Federal Insurance
The Consumer Financial Protection Bureau published an issue spotlight on digital payment apps heavily used by consumers and businesses.
Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule
Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.
CFPB Orders Installment Lender OneMain to Pay $20 Million for Deceptive Sales Practices
The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan.
CFPB ordena a OneMain pagar $20 millones por prácticas engañosas
CFPB ordenó a OneMain Financial pagar $20 millones en reparaciones y multas, por fallar al no reembolsar intereses y por engañar a sus prestatarios.
CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing
Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve CFPB’s allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions.
CFPB Obliga a Citizens Bank a Pagar Multa de $9 Millones
CFPB acordó con Citizens Bank por violar leyes que protegen a los individuos cuando disputan transacciones con sus tarjetas de crédito.
CFPB Issues Guidance to Rein in Creation of Fake Accounts to Harvest Fees
The Consumer Financial Protection Bureau (CFPB) issued a new circular affirming that a bank may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it.
CFPB Report Highlights Costly Credit Cards and Loans Pushed on Patients
Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients as a way to alleviate the growing costs of medical care.
CFPB Proposes New Consumer Protections for Homeowners Seeking Clean Energy Financing
The Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.
CFPB Issues Rule to Facilitate Orderly Wind Down of LIBOR
Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule.
CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations.
CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition
Today, the Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement that the use of United States Dollar LIBOR (USD LIBOR) panels will end on June 30, 2023.
CFPB emite directrices contra tácticas ilegales de cobro de hipotecas zombis
CFPB emite directrices a cobradores, cubiertos por la Ley de Prácticas Justas en el Cobro de Deudas, que amenacen con ejecutar viviendas que tengan hipotecas caducadas.
CFPB and Federal Partners Confirm Automated Systems and Advanced Technology Not an Excuse for Lawbreaking Behavior
Four federal agencies jointly pledged today to uphold America’s commitment to the core principles of fairness, equality, and justice as emerging automated systems, including those sometimes marketed as “artificial intelligence” or “AI,” have become increasingly common in our daily lives.