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The system is designed to clear away customer service hoops by allowing Americans to send in complaints about their financial institutions directly to the CFPB’s searchable database.
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. ... lenders and other financial institutions. ... "The irrational campaign against ...
Those complaints escalated under its most recent director, Rohit Chopra, who aggressively built cases against financial firms and quickly adopted policies curbing their activities.
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 ...
This past week the acting director of the Consumer Financial Protection Bureau (CFPB) stopped operations and halted funding to the agency. Born out of the Dodd-Frank Wall Street Reform and ...
Consumer complaints against big-bank junk fees are rising and federal regulations are in the works, including new rules to limit checking overdraft penalties and credit card late fees ...
Cases are pending against companies including Capital One, which was accused of cheating customers in high interest accounts; Meta, which said it was being probed about advertising financial ...
Fair and Accurate Credit Transactions Act; Other short titles: Financial Literacy and Education Improvement Act: Long title: An Act to amend the Fair Credit Reporting Act, to prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, make improvements in the use of, and consumer access to, credit information, and for other purposes.