Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part of a media campaign—CFPB Director Rohit Chopra would not offer any formal definition.
The CFPB today published a portion of its long-awaited Fair Debt Collection Practices Act rulemaking to modernize and clarify rules around third-party debt collection.
The Consumer Financial Protection Bureau today finalized changes to its regulations regarding the disclosure of records and information.
The credit card market is functioning well, and consumers feel their bank is there for them during the COVID-19 pandemic, ABA said in a letter to the CFPB today.
Five federal banking agencies yesterday issued a joint statement on the use of alternative data in credit underwriting.
By Greg Rable
By Sarah Oliver, CRCM