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The CFPB was created after the financial crisis of 2007–2008 as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act.While initially aimed to protect consumers from bad mortgage lenders that had partially created the financial crisis, the CFPB has also involved itself in other areas at high risk of fraudulent activity that harm consumers, such as credit cards, credit ...
More than 4 million Americans gouged by credit repair companies including Lexington Law and CreditRepair.com will soon collectively receive $1.8 billion in refund checks, the Consumer Financial ...
In 2023, customers filed 417 complaints to the Consumer Financial Protection Bureau over the bank's checking and savings accounts, a dramatic increase from 150 in 2018.
Consumer Financial Protection Bureau (CFPB) director Rohit Chopra has said he does not believe his agency should be a “dead fish” in the final weeks of the Biden administration.
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.
The OPA’s enlistment of women to ensure that local businesses were complying with federal policies extended the public sphere into the private sphere and the effective growth of “state supervision.” [7] This resulted in a pseudo-militant attitude toward regulation and made it more difficult for politicians to curb the power of the OPA ...
The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau's funding mechanism in a challenge brought by the payday loan industry, handing a victory to President Joe Biden ...
After OPA was enacted, the shipping industry threatened to boycott the ports of the United States to protest this new industry liability in both federal and state laws. In particular, the oil and shipping industries objected to the inconsistency between the OPA and the international, federal and state laws that are impacted.