Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Independent gov agency sues Experian for ‘sham investigations of credit report errors'
The CFPB sued Experian, accusing the credit reporting bureau of violating “The Fair Credit Reporting Act” by not taking the ...
Forbes26d
Powerless Against Financial Scams, The CFPB Scapegoats The Big Banks
Scams erased? Not so fast. Seemingly missed by the CFPB and its enablers in the House ... Digital money transfer is much safer than checks in the mail, it’s faster, and it’s also cheaper.
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
USA Today20d
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
"These banks broke the law by running a payments system that made fraud easy, while refusing to help the victims." The CFPB said the banks violated federal law through critical failures ...
Hosted on MSN29d
CFPB warns that Social Security beneficiary information could be at risk
However, a recent alert from the Consumer Financial Protection Bureau (CFPB) has raised significant concerns about the potential exposure of this data to fraud and identity theft. The CFPB's ...
American Banker7d
CFPB to regulate large participants in personal loan market
The Consumer Financial Protection Bureau said it would undertake a rule to regulate large participants in the personal loan ...
CoinTelegraph6d
CFPB proposes crypto firms refund users for funds lost to hacks
Related: Offchain transaction validation could prevent 99% of crypto hacks, scams It’s unclear whether these attacks could escalate in 2025 if adoption continues to grow, but the proposed CFPB ...
CNET26d
Zelle Accused by CFPB of Leaving Customers Vulnerable to Widespread Fraud
Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is ...
USA Today28d
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
To help consumers, the CFPB launched the Explore Credit Cards tool using open data so people can more easily make apples-to-apples comparisons about their credit card options. The tool provides ...
WGAL26d
Major banks sued for failing to prevent fraud on Zelle
CFPB notes that customers who filed fraud complaints “were largely denied assistance, with some being told to contact the fraudsters directly to recover their money.”What’s more, CFPB says ...
Yahoo Finance26d
CFPB targets Big Banks in lawsuit over alleged fraud on Zelle
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against ... failed to adequately protect consumers from fraud, claiming Zelle was launched without sufficient fraud ...