Apple and Goldman Sachs ordered to pay $89 million over Apple Card failures
Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.
CFPB
A watchdog group targets payday lenders with a ‘2 strikes’ rule to help borrowers
The Consumer Financial Protection Bureau is set to move ahead with a long-stalled rule to protect borrowers from repeated attempts to collect loan payments from bank accounts with insufficient funds.
Buy-now, pay-later returns and disputes are about to get federal oversight
The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do.
Supreme Court upholds funding structure for consumer watchdog agency
The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit. Justices Neil Gorsuch and Samuel Alito dissented.
A federal judge temporarily halts U.S. plan to lower credit card late fees to $8
The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies. The plan was set to go into effect next week.
Why a financial regulator is going after health care debt
The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.
Consumer watchdog agency's fate at Supreme Court could nix other agencies too
Payday lenders argue that the CFPB's funding structure is unconstitutional because it's not funded by money appropriated by Congress. The argument threatens the existence of other agencies, too.
Miss a credit card payment? Federal regulators want to put new limits on late fees
The Consumer Financial Protection Bureau wants to cap late fees at $8. Banking groups say the proposal would result in higher costs for consumers.
Financial Watchdog Expected To Get Its Teeth Back Under Biden
The Consumer Financial Protection Bureau is a powerful agency policing predatory or unfair practices. Trump hobbled it. But a court ruling allows Biden to appoint a new sheriff at the bureau.
New California Financial Watchdog Would Take Aim At Predatory Lenders Amid Pandemic
California may be on the cusp of creating a watchdog agency. Proponents say federal regulators aren't doing their job, leaving leaving millions of Americans vulnerable during the coronavirus crisis.