Search results
Results from the WOW.Com Content Network
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
The act regulated the state's government agencies' abilities to access nonpublic consumer information. As a result of the act, California's government agencies are not authorized to access financial records unless the consumer gives consent or if a subpoena or a search warrant is issued for the information. [16]
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust law enforcement with the Department of Justice Antitrust Division.
The agency uploaded a daily average of 7,853 consumer complaints over the 10 days after Treasury Secretary Scott Bessent on Feb. 3 ordered the bureau's staff to stop much of its work.Five days ...
The CFPB was created after the 2008 financial crisis to protect consumers from predatory loans, high interest rates and deceptive lending practices — such as complex fine-print agreements ...
Dodd–Frank Wall Street Reform and Consumer Protection Act; Long title: An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot of money intended for borrowers allegedly harmed by the student loan ...
Headquartered in Washington, DC, with six regions comprising more than 60 field and home offices, the agency provides mediation and conflict resolution services to industry, government agencies and communities. The headquarters of the Federal Reserve System. The Federal Reserve System (often called "the Fed"), is the central bank of the United ...