Here’s What CFPB Hold Means for Consumers
The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry, is the ...
JD Supra11d
CFPB Releases Report Highlighting Auto Lending Challenges for Servicemembers
On January 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report analyzing the auto lending ...
autofinancenews3d
Podcast: CFPB halted, Q4 earnings continue
The Department of Government Efficiency, run by Elon Musk, effectively shut down the Consumer Financial Protection Bureau over the weekend ...
My daughter bought a $350,000 home and took out $20,000 in personal loans. She’s fallen behind on payments. What now?
My daughter bought a home for roughly $350,000 then took out two loans for $20,000. I’ve heard debt consolidation is a bad ...
Alabama Public Radio17h
Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming
About 70-100 employees were terminated at the CFPB, following dozens of recent workers who were fired earlier this week.
Alabama Public Radio1d
Dozens of CFPB workers are fired as the agency remains shuttered
Dozens of employees at the bureau were fired by email on Tuesday night amid a stop-work order and closure of the Consumer ...
The Salt Lake Tribune25d
Record-high credit card interest rates and fees are bogging down consumers. Here’s how to avoid them.
In March 2024, the CFPB issued a rule to cap late fees at $8 ... The amount of interest you pay is the APR, or annual percentage rate. That percentage is based on the Federal Reserve rate plus ...
U.S. News & World Report21d
What Is Earned Wage Access and How Does it Work?
The CFPB says 90% of workers in its study paid at least one EWA fee, and that the APR for a typical employer-partnered earned wage cash advance is 109.5%. However, Schwarz disputes that.