As part of a flurry of last minute regulatory activity by the Biden administration’s Consumer Financial Protection Bureau ...

On January 15, the CFPB issued an advisory opinion rescinding its 2020 advisory opinion on earned wage access (EWA) products. As previously covered ...

DEI — As the administration unwinds diversity initiatives at federal agencies, Big Banks “are in the crosshairs of ...

The lawsuit accuses Vanderbilt of violating the Truth in Lending Act and Regulation Z. The CFPB is seeking to stop the alleged illegal practices, obtain restitution for harmed consumers ...

The CFPB claims instead of helping vulnerable ... According to the lawsuit, Vanderbilt has been accused of violating TILA and Regulation Z’s minimum underwiring standards, as well as violating ...

BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said. A recent TransUnion report said consumers had more than 543 ...

With minimal protections in place, consumers already struggling in debt, face further potential financial hardship due to the ...

A trio of high-profile lawsuits issued at the tail end of the Biden administration indicate that the agency cares more about pursuing a political agenda than it does about helping American consumers.

This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.