Rohit Chopra News

18.07 / 13:42

markets COST Provident PayDay pandemic reports prevention US agency says apps that let workers access paychecks before payday are providing loans

The Consumer Financial Protection Bureau says apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act

11.06 / 21:25

Progressive Bill President information reports patient prevention Biden administration seeks to wipe consumer medical debt off most credit reports with proposed rule

The Biden administration is pushing to prevent medical debt from being considered in most decisions made over whether someone qualifies to rent an apartment, buy a car or take on a mortgage

04.06 / 13:23

COST Platform Action track information Courts Rule breaking nonbanks to be listed on new public register

The Consumer Financial Protection Bureau has announced a new public registry to help identify repeat offenders among nonbanks and other financial firms.

23.05 / 00:03

markets Provident cover classical reports rights Investigations Buy now, pay later companies must adhere to credit card standards, consumer agency says

The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders

22.05 / 11:27

markets Provident Digital Bill reports Courts Investigations CFPB says buy now, pay later firms must comply with U.S. credit card laws

In this article

20.05 / 04:52

UPS Opinion PayDay wellness reports Courts Investigations Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist a...

09.05 / 16:59

COST UPS Action prevention Courts CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze

In this article

03.05 / 11:59

COST UPS Provident country reports Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back

There were around 36 million Health Savings Accounts in 2023, holding a total of more than $116 billion, but their tax benefits are being questioned by a consumer watchdog, sparking a robust response from an industry body.

20.03 / 15:35

COST CEO Analysis President country reports Customers Bank customers are concerned about overregulation: ABA report

American bank customers are concerned that overregulation of the banking industry will lead to restricted access to credit.

07.03 / 23:59

COST Analysis Bill Trade cover Courts US consumer agency sued by banks, US Chamber over credit card late fee cap

By Jonathan Stempel

05.03 / 14:33

markets COST UPS President War New CFPB rule caps banks' credit card late fees at $8

The Consumer Financial Protection Bureau unveiled a new rule on Tuesday that it said would cap the typical late fee that banks charge customers at $8 per incident.

05.03 / 11:11

Analysis economy Election Discover President show Department Regulator proposes capping credit card late fees at $8, latest in Biden campaign against 'junk fees'

The Biden administration is moving to cap credit card late fees at $8

05.03 / 10:25

COST Booking Trade President Justice Department Biden administration to limit credit card late fees in move against junk fees

By Jarrett Renshaw

28.02 / 19:19

Extreme security country Schools US consumer watchdog plans to regulate overseas sale of Americans' data

The White House earlier Wednesday announced an executive order intended to help restrict the transfer of personal data to China, Russia and other countries on security grounds.

24.12 / 17:04

Airlines information reports travelers Department gatherings DOT puts airline loyalty programs under the microscope after lawmakers raise concerns

The Department of Transportation is investigating possible deceptive practices in airline loyalty programs after federal lawmakers raised concerns about how airlines are calculating points and rewards

19.12 / 18:08

BLOCK Coronavirus pandemic prevention U.S. Bank to pay $36 million for illegal pandemic conduct

WASHINGTON (Reuters) -U.S. Bank will pay $36 million over allegations the company illegally blocked out-of-work consumers from accessing unemployment benefits during the coronavirus pandemic, top federal banking regulators announced on Tuesday.

28.11 / 19:13

Racing cover information 2020 reports Bank of America pays $12 million fine for misreporting mortgage data

By Jonathan Stempel

07.11 / 20:31

Payments regulation wallet PayPal Bitcoin Payments Apple Pay Bitcoin Wallet US CFPB proposes supervising digital app providers, including crypto wallets

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend its supervision to consumer reporting, consumer debt collection, student loan servicing, international money transfers and automobile financing.

07.11 / 17:33

Provident Digital Platform Apple information US consumer watchdog proposes rules for Big Tech payments, digital wallets

digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards. The Consumer Financial Protection Bureau's proposal would subject companies like Alphabet, Apple and PayPal to bank-like supervision, with CFPB examiners inspecting their privacy protections, executives' conduct, and compliance with laws barring unfair and deceptive practices.

12.10 / 19:54

UPS Provident Equifax country information reports freeze CFPB, FTC fine TransUnion $23M for tenant screening and security freeze failures

Federal regulators fined credit-reporting agency TransUnion a total of $23 million for tenant screening and security freeze failures on Thursday

09.10 / 08:59

regulation Agency US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets

The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets.

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