Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
Read MoreConsumer Financial Protection Bureau
Federal Agencies Call for AI Fairness, Equality, and Justice Compliance
The statement intends to address potential discrimination through automated systems. The Department of Labor issued a joint statement along with the Department of Justice, Consumer Financial Protection Bureau,…
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Court Allows CFPB Suits Against Student Loan Investment
Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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FTC to Hold Advisory Group Meeting to Prevent Scams Against Seniors
Government and private sector officials will discuss effective scam prevention methods in the meeting. The Federal Trade Commission (FTC) announced an online meeting of the Scams Against Older…
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President’s Administration Continues to Address Late Credit Payment Fees
Interagency cooperation and new provisions focus on consumer protection from fee hikes. Multiple agencies in President Biden’s administration recently announced partnerships to address price hikes and industry “junk…
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DOJ & CFPB Sue Texas Developer for Defrauding Latino Borrowers
The company is accused of making false statements and predatory loans in the Houston area. The Department of Justice and Consumer Financial Protection Bureau filed a lawsuit against…
Read MoreRohit Chopra, Consumer Financial Protection Bureau
Rohit Chopra is Director of the Consumer Financial Protection Bureau. His agency is responsible for consumer protection in the financial sector, overseeing the practices of industries including banks, credit…
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FTC Fines TransUnion for Illegal Rental Background Check and Reporting
One fine was for poor screening and another for lying to customers. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have issued two fines…
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White House Addresses Consumer Junk Fees
FTC and CFPB to implement actions to follow the president’s lead. President Joe Biden gave a speech from the White House Rose Garden this week, addressing the pervasive…
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CFPB Proposes Removal of Medical Bills from Credit Reports
The director says, “Medical bills have little predictive value in credit decisions.“ The Consumer Financial Protection Bureau (CFPB) is in the rulemaking process that would take medical bills…
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