Today, the Consumer Financial Protection Bureau released its Fair Lending Annual Report to Congress, describing how we promoted fair access to credit and took action against unlawful discrimination in calendar year 2023.
Consumer Financial Protection Bureau’s Post
More Relevant Posts
-
Check out this update from the CFPB……
Today, the Consumer Financial Protection Bureau released its Fair Lending Annual Report to Congress, describing how we promoted fair access to credit and took action against unlawful discrimination in calendar year 2023.
The CFPB's 2023 fair lending annual report to Congress | Consumer Financial Protection Bureau
To view or add a comment, sign in
-
The Consumer Financial Protection Bureau (CFPB) aims to offer assistance to borrowers who have been ensnared by misleading credit card rewards schemes. ✅ Read more: https://lnkd.in/ggihgtpM #creditcards
To view or add a comment, sign in
-
Thought-provoking read this morning in FT Adviser from my colleague David Scott about the FCA Consumer Duty (Principle 12) - just over six months on from it coming into force on 31 July 2023. You can read more from David and others on this in BCLP's Emerging Themes in Financial Regulation & Disputes 2024: https://lnkd.in/eXz7Z8C9. #financialregulation #consumerduty #fca #regulation #banking
Consumer duty only spelling out what firms 'should have been doing anyway'
ftadviser.com
To view or add a comment, sign in
-
#didyouknow As a mainstream #creditprovider (Tier I to Tier IV) or service provider who offers goods and services on credit, you can make use of credit reference bureau services as authorized under the Financial Institutions ( Credit Reference Bureau) Regulations of 2022 #thoughtoftheday #thoughtfulthursday #didyouknowthis #crbaugandaltd.
To view or add a comment, sign in
-
Lindsey Johnson, the head of the Consumer Bankers Association, has been called to testify in a House Financial Services Committee hearing exploring the politicization of financial services regulation. Her full testimony is available at the link below. But in short: CBA and our members support consumer protection regulation. We believe, however, that: 1. For the market to operate effectively, the American public require regulators that heed the law. 2. Facts matter – regulators must represent facts accurately. 3. And, most importantly, American consumers deserve regulators that show consideration for their cumulative impacts on financial inclusion and consumers’ broader access to well-regulated financial services. https://lnkd.in/ecwJ-_ZG
To view or add a comment, sign in
-
The Consumer Financial Protection Bureau (CFPB) has proposed a new rule to classify overdraft fees as extensions of credit, bringing them under the Truth in Lending Act (TILA) regulations. This move aims to significantly reduce overdraft fees charged by financial institutions with over $10 billion in assets, protecting consumers from excessive "junk fees." Discover more insights on this new rule from Chris Rahl and Natalie Gibson, Esquire: https://bit.ly/4d1ekSp #CFPB #OverdraftFees #ConsumerProtection #financialservicesproviders
To view or add a comment, sign in
-
Article just published by Daily Business Review with my commentary on the history of conflict within the CFPB and the challenges presented by its constitutional mandate. Unlike the other prudential bank regulators, the CFPB is charged almost exclusively with being a "check" on the financial services industry. Unlike the prudential regulators (FDIC, OCC, FRB) that balance the safety and soundness (business needs) of the industry with consumer protection, the CFPB exists as a policy and enforcement agency to check financial services companies. This has created a lightning rod for political disputes that continues to shape its regulatory relationships. Article in DBR: https://lnkd.in/eaPRsbWp
To view or add a comment, sign in
-
We are deeply concerned by the recent allegations of fraudulent loan practices by several institutions within the financial sector. This blog post sheds light on the issue, detailing the staggering amount of defaulted loans and the legal actions taken against the accused. Stay informed by reading the full article here: https://ift.tt/Sf7dnr8.
To view or add a comment, sign in
-
Head Legal@CBL|Specialist in Financial Sector Laws; Contract, Litigation & Compliance Management|LL.M-Business Law|LL.M-Labour Law|Bachelor of Laws|BA Public Administration and Political Science|Lecturer and Book Author.
Empower Yourself: Your Guide to the Financial Consumer Protection Act (2022) Do you understand your rights when it comes to financial products and services? The Financial Consumer Protection Act (2022) is here to protect you! This series explores Sections 29-32 of the Act, equipping you to make informed decisions and navigate the financial landscape with confidence. In this guide, you will learn about: a) Fair contract terms that ensure both parties are protected b) How to avoid misleading practices and ensure transparency from financial service providers c) Your fundamental rights as a consumer, including the right to legal recourse and access to information d) Your ability to make prepayments on loans and the benefits of early debt settlement Knowledge is power! Get your FREE guide here: https://lnkd.in/dsiawJJx #FinancialLiteracy #ConsumerRights #FinancialInclusion
To view or add a comment, sign in
-
🛑 It's time to end junk overdraft fees 🛑 Oregon Consumer Justice is proud to stand alongside 143 other organizations in supporting the proposed rule by the Consumer Financial Protection Bureau (@CFPB) to curb abusive overdraft fees. 💰 It's time for banking practices that support, rather than undermine, consumer trust and financial stability. #OCJ #OregonConsumerJustice #ConsumerProtection #CFPB #OverdraftFees
To view or add a comment, sign in
128,277 followers