News

Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The ...
Consumers deserve a fair-minded federal consumer financial regulator with the resources and talent to solve the biggest problems they face. At the same time, that agency must heed its statutory ...
It would be the most sweeping change to American consumer protection in decades, perhaps since 1930.It would wrest power away from major banking regulators and the Federal Trade Commission and ...
Now let's look at the Federal Trade Commission, the granddaddy of consumer protection in America. In 1979, the FTC had 1,746 full-time employees. By 2006, that number had shrunk to 1,007 -- down ...
Before the CFPB, federal consumer protection laws were enforced by a variety of federal regulators — an “unusual patchwork system” that proved not only inefficient but ineffective, says ...
Consumer protection laws are meant to protect us against ... For example, a refrigerator will ... you can contact the Federal Trade Commission, Consumer Product Safety Commission or call up your ...
In the waning months of the Biden administration, the Consumer Financial Protection Bureau, or CFPB, released a flurry of new consumer protection rules, targeting everything from bank overdraft ...
Familiar with the work of the Consumer Financial Protection Bureau? Here's a recap of the financial watchdog agency's history and accomplishments since launching in 2011.
The CFPB cited Equifax, among other examples, as a relevant precedent.The 2017 Equifax breach resulted in the hacking of the data of "hundreds of millions" of people. The CFPB charged the firm with ...
This includes the Consumer Financial Protection Act and 18 enumerated consumer laws. They can bring suit in federal or state courts against any “covered person or service provider” (other than ...
For example, in May 2020, ... is poised to remove authority from the only avenues for redress for New Yorkers facing similar business practices—federal consumer protection agencies.