Consumer Financial Protection Bureau
PayPal Sues CFPB Over ‘Confusing’ Prepaid Card Rules
The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
Online Lending Platform Refines the Science of Underwriting
Upstart's loan securitizations are performing far better than Kroll, the leading credit rating agency for marketplace lenders, had expected.
CFPB Proposes Limits on Debt Collection Calls
The bureau's rule-making proposal could unleash “a battle over the [collection] industry’s tactics and consumers’ rights."
Wells Fargo Warns of Possible $1B Settlement
The scandal-plagued bank posts better-than-expected Q1 earnings but a possible deal with regulators could reduce profit by about 20%.
CFPB Said to Be Icing Probe of Equifax Breach
Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.
Deregulation Push Targets Payday Loan Rules
Rep. Maxine Waters says Republicans are seeking to give "payday loan sharks a reprieve at the expense of hardworking Americans."
Dodd-Frank Is Needed But Merits Revision
While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
Many Parts of Dodd-Frank Should Be Repealed
The law was about micromanaging financial services rather than facilitating capital markets.
Future Uncertain for GOP’s Dodd-Frank Reform
The Financial Choice Act passed the House on a party-line vote but “there is zero chance that [it] survives” in its current form in the Senate.
Regulators Target Banks’ Cybersecurity Policies
A draft proposal by three agencies seeks to boost cyber defenses and reduce the impact on the financial system of an attack.
Court Finds Structure of CFPB Unconstitutional
Critics of the consumer protection agency welcomed the decision but the D.C. Circuit stopped short of shutting it down.