The Consumer Financial Protection Bureau filed one lawsuit and reached five settlements last week, totaling nearly $206.6 million in civil resolutions and redress.
Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, including banning medical debt from credit reports and restricting late fees and overdraft fees.
Financial industry powerhouses are going full steam ahead in court fighting Biden administration banking rules, even as Republicans set for a power trifecta in Washington consider reversing the eleventh-hour rulemaking.
Democrats may have lost power in Washington in part because voters blamed them for the rising cost of goods, but when Joe Biden’s administration hands over power, it will also leave behind a series of strong new protections for consumers.
The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.
Rohit Chopra has been going for broke. With the Biden administration winding down, the Consumer Financial Protection Bureau director has continued to roll out splashy and controversial new ...
During his four years as president, Democrat Joe Biden experienced a sustained series of defeats at the U.S. Supreme Court, whose ascendant conservative majority blew holes in his agenda and dashed precedents long cherished by American liberals.
Rohit Chopra has been going for broke. With the Biden administration winding down, the Consumer Financial Protection Bureau director has continued to roll out splashy and controversial new regulations, shrugging off angry warnings from Congressional ...
The U.S. Consumer Financial Protection Bureau announced Tuesday a lawsuit alleging Capital One scammed billions of dollars off its customers in interest payments as it seeks to expand its global enterprise.
In these final actions of his presidency, Biden is asserting his domestic and foreign-policy principles before Trump takes charge.