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Equifax, CFPB

Hosted on MSN · 2h

CFPB fines Equifax $15 million for errors on credit reports

The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances,

American Banker · 2h

CFPB orders Equifax to pay $15 million for credit reporting errors

Equifax agreed to resolve allegations that it failed to conduct proper investigations of consumer disputes, ignored evidence and allowed previously deleted inaccuracies to be reinstated on credit reports.

US consumer bureau fines Equifax $15 million over handling of consumer disputes

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

CFPB, Cash App

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.

Block's Cash App Ordered to Pay $175 Million by CFPB Over Fraudulent Transaction Handling

Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.

CFPB fines Block $175m over Cash App's lax fraud controls

Per the CFPB, Cash App's Terms of Service at one point claimed that any bank linked to an account for transferring funds was responsible for addressing disputes around fraudulent charges, something that's not generally true under the Electronic Fund Transfer Act.

1hon MSN

Biden's CFPB Goes Down Swinging In Blitz Of Rules. But How Many Will Survive Trump?

Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, ...

New Action on No-Action Letters – CFPB Begins Accepting Applications Under Updated No-Action Letter Procedures

The US Consumer Financial Protection Bureau (CFPB) is giving no-action letters (NALs) a second chance. On January 8, 2025, the CFPB issued a ...

1don MSN

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps ...

1don MSN

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...

CFPB Reboots No-Action Letter and Sandbox Policies: A New Approach to Financial Innovation…Not

On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and ...

American Banker1d

CFPB withdraws NSF proposal and earned wage access opinion

The Consumer Financial Protection Bureau rescinded a proposed rule on nonsufficient funds fees and a 2020 advisory opinion on ...

National Mortgage News1h

CFPB files amicus brief in home equity investment case

Legal arguments in this case hinge on whether products offered by HEI platforms should fall under the Truth in Lending Act.

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