JD Supra4h
CFPB Proposes a New Rule Prohibiting Certain Contractual Terms for Consumer Financial Products
On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in ...
The laws behind credit repair
While CROA focuses on regulating credit repair companies, other federal laws are focused on protecting consumers. The Fair Credit Reporting Act (FCRA) and the Consumer Credit Protection Act (CCPA) ...
Cruz to revive push to abolish government consumer protection agency
Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau ...
The Hill24d
Experian accused of failing to properly investigate consumer disputes
“Credit reporting errors can have serious ... among other issues, violates the Consumer Financial Protection Act’s prohibition on unfair acts or practices. The bureau has the authority to ...
JD Supra11d
CFPB Sues Consumer Reporting Agency Regarding Investigations of Consumer Disputes
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint against a nationwide consumer reporting ...
CFPB fines Equifax $15 million over 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.
Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.