FOUND: 8 | Mind Blowing Facts

Supreme Court to decide case over consumer agency funding - Roll Call

The Supreme Court will decide a case that challenges the way Congress chose to fund the Consumer Financial Protection Bureau.

Roll Call · Feb 27, 2023

Miss a credit card payment? Federal regulators want to put new limits on late fees

The Consumer Financial Protection Bureau wants to cap late fees at $8. Banking groups say the proposal would result in higher costs for consumers.

WEKU · Feb 1, 2023

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Tribune News Service · Jan 25, 2023

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

WEKU · Dec 20, 2022

Wells Fargo to pay $3.7 billion for mistreating customers

NEW YORK: Wells Fargo Co agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating customers, including a $1.7 billion fine that’s the biggest in CFPB history.

The Times of India · Dec 20, 2022

Buying gifts? Why ‘buy now, pay later’ could be a dangerous option for many holiday shoppers

Gift-givers hoping to splurge this holiday season despite the pinch of high inflation have an easy option: buy now, pay later.

The Conversation · Dec 14, 2022

The Fair Credit Reporting Act: What it is and how it protects you

The Fair Credit Reporting Act protects the accuracy and privacy of the information in your credit file.

Fortune · Dec 9, 2022

Millennial Money: How credit can beat buy now, pay later

With rising costs of goods and services, turning to “buy now, pay later” plans when you check out can be tempting

The Independent UK · Dec 6, 2022

Closed accounts, no money: Chime app users complain they were suddenly shut out of their online accounts

Consumers have filed hundreds of complaints saying accounts with the popular fintech app were closed without warning. The company says it can close them “for any reason or no reason.”

Chicago Sun-Times · Nov 25, 2022

Checks and Balances November 2022

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia · Nov 23, 2022