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For the Consumer Financial Protection Bureau, it’s been an anything-but-quiet holiday season. On Friday, the federal watchdog agency sued the organization that runs Zelle and three of America ...
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 ...
Billionaire Elon Musk, a key adviser to the incoming Trump administration, called for the Consumer Financial Protection Bureau to be eliminated, setting his sights on a regulator that has often ...
These industries dislike the Consumer Financial Protection Bureau intensely because, bluntly, it does its job. Congress gave the bureau enforcement powers to stand up for consumers, and companies ...
The comment on the Consumer Financial Protection Bureau (CFPB) follows Musk's recent appointment to a government efficiency role, further amplifying the influence of the world's richest man, who ...
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 ...
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps ...
Consumer Financial Protection Bureau v. Community Financial Services Ass'n of America, Ltd. Consumer Financial Protection Safety and Soundness Improvement Act of 2013