The Consumer Finance Protection Bureau (CFPB) on Oct. 19, 2023, proposed a newPersonal Financial Data Rights rule(Proposal) through which it seeks to increase competition in the financial sector. The Proposal wa
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States federal government that was established to regulate and enforce consumer financial laws. Its primary objective is to protect consumers from unfair, deceptive, or abusive practices in the financial marketplace....
2.Regulation and Supervision:The CFPB is responsible for rulemaking and enforcement in various areas of consumer finance. It has the power to issue regulations to promote consumer protection, such as rules governing mortgages, credit cards, payday loans, and debt collection. The Bureau also supervise...
8 order that employees of the Consumer Financial Protection Bureau halt much of their work amounts to an existential crisis for a government agency that itself was born from crisis. The CFPB was launched in 2011 under President Barack Obama following the housing industry meltdown that devastated...
Finance & the EconomyGovernment & the Economy Consumer Financial Protection Bureau (CFPB) United States government agency PrintCiteShare Also known as: CFPB Written byMiranda Marquit Miranda Marquit Miranda is an award-winning freelancer who has covered various financial markets and topics since 2006....
The Consumer Financial Protection Bureau (CFPB) is a regulatory agency charged with overseeing financial products and services that are offered to consumers. The CFPB is divided into several units—Operations; Consumer Education & External Affairs; Legal; Supervision, Enforcement, and Fair Lending, and...
The Consumer Financial Protection Bureau (CFPB) released a comprehensivereporttoday, outlining detailed recommendations to strengthen state-level consumer protection laws and address modern risks in consumer financial markets. The CFPB also provided acompendium of guidance documentssummarizing its enforcement st...
consumer financeperformance standardsdisclosuresdeceptionConsumer Financial Protection BureauTo ensure that consumers understand financial products' "costs, benefits, and risks," the Consumer Financial Protection Bureau has been redesigning mandated disSocial Science Electronic Publishing...
The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) released two new proposals that aim to expand the Bureau’s authority over nonbank financial institutions: A“repeat offender” registry of consent orders or settlements with an array of state and federal regulators relating to compli...
A top official at the Consumer Financial Protection Bureau testified in court Monday that efforts by DOGE to quickly and aggressively abolish the agency have been somewhat reined in by Trump-appointed agency leadership in recent weeks.