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Consumer Financial Protection Bureau

What CFPB’s rule on paycheck advance programs means for workers

by Adrian Jhonsan
What CFPB’s rule on paycheck advance programs means for workers

Rohit Chopra, director of the Consumer Financial Protection Bureau, during a House Financial Services Committee hearing on June 13, 2024. Tierney L. Cross/Bloomberg via Getty Images The Consumer Financial Protection …

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Categories World

Credit card users can save over $400 a year by switching issuers: CFPB

by Adrian Jhonsan
Credit card users can save over 0 a year by switching issuers: CFPB

Olga Rolenko | Moment | Getty Images The nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions — and switching may save the …

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Categories World

CFPB fines Toyota financing arm for $60 million for car loan scam

by James Odonell
CFPB fines Toyota financing arm for  million for car loan scam

WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers from canceling add-ons to their loans. “Toyota’s lending arm illegally …

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Categories Politics

Why more mortgage applications are being rejected based on income

by Adrian Jhonsan
Why more mortgage applications are being rejected based on income

Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices …

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Categories World

The Supreme Court May Soon Eviscerate The Consumer Financial Protection Bureau

by James Odonell
The Supreme Court May Soon Eviscerate The Consumer Financial Protection Bureau

The conservative Supreme Court could soon eviscerate a key part of Congress’ response to the 2008 global financial crisis, with payday lenders challenging the constitutionality of the Consumer Financial Protection …

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Categories Politics

CFPB considering new rules to crack down on data brokers

by Ev Richard
CFPB considering new rules to crack down on data brokers

The Consumer Financial Protection Bureau (CFPB) is considering new rules to crack down on data brokers amid a wider push to reduce risks from the rapidly expanding capabilities of artificial …

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Categories Technology

Struggles Faced by Americans with Car Loans

by Adrian Jhonsan
Struggles Faced by Americans with Car Loans

There are more than 275 million cars on the road in the U.S. But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 …

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Categories World

Possible Funding Issue Leads to Suspension of Credit Acceptance Suit

by Adesola Mojo
Possible Funding Issue Leads to Suspension of Credit Acceptance Suit

Image: mangostock (Shutterstock) The increase in car prices has come with more predatory loan practices, since so many people are trying to buy cars they can’t afford. Credit Acceptance has …

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Categories Automobile

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