Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has fined international remittance provider Wise nearly $2.5 million for misleading advertising, failure to disclose fees accurately, and other violations of …
Wise Faces $2.5M Penalty for Misleading Money Transfer Practices Read More
WASHINGTON, D.C. — A recent report from the Consumer Financial Protection Bureau (CFPB) reveals that U.S. servicemembers face higher financial risks and costs compared to civilian borrowers when securing auto …
Servicemembers Hit Hard by Costly Auto Loans—Why Their Financial Security Is at Risk Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against American Honda Finance Corporation for inaccurately reporting credit information that impacted the records of approximately 300,000 customers. …
Was Your Credit Unfairly Damaged? CFPB Slams Honda Finance for Shocking Reporting Scandal! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against Block, Inc., the company behind the popular peer-to-peer payment service Cash App. Following detailed investigations, the CFPB …
Is Your Cash at Risk? CFPB Exposes Cash App’s Shocking Security Failures and Consumer Betrayals! Read More
WASHINGTON, D.C. — With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) has launched a dual-pronged offensive against illegal credit card …
CFPB Targets Credit Card Companies Over Reward Scams and Sky-High Interest Rates Read More
WASHINGTON, D.C. — A groundbreaking new rule finalized by the Consumer Financial Protection Bureau (CFPB) is set to bring much-needed safeguards to homeowners navigating the complex world of clean energy financing. …
CFPB Cracks Down on Risky Clean Energy Loans to Protect Homeowners Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s (CFPB) 2023 annual report on residential mortgage lending highlights a sharp decline in mortgage activities and rising costs for borrowers. The report, based …
Mortgage Market Meltdown: Skyrocketing Costs Slam Borrowers as Lending Craters Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a new rule aimed at reforming overdraft practices at large financial institutions. This action targets banks and credit unions with …
CFPB Closes Overdraft Loophole, Saves Consumers Billions Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule to enhance oversight of the largest nonbank companies facilitating digital payments and wallets. This move addresses the …
CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule Read More
WASHINGTON, D.C. — In a recent report, the Consumer Financial Protection Bureau (CFPB) has cast a spotlight on the deficiencies in federal and state-level privacy protections concerning consumers’ financial data. The …
Data Dilemma: CFPB Exposes Flaws in Financial Privacy Protections, Urging Stronger Safeguards Read More