JD Supra13m
CFPB Rescinds 2020 Advisory Opinion on Earned Wage Access Products
As part of a flurry of last minute regulatory activity by the Biden administration’s Consumer Financial Protection Bureau (CFPB or Bureau), on ...
American Banker40m
Auto repos by third-parties spiked after pandemic: CFPB
The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.
JD Supra50m
New Frontiers: CFPB Proposes Extending Consumer Protections to Other Digital Payment Mechanisms
In the waning days of the Biden Administration, the Consumer Financial Protection Bureau (CFPB) on Jan. 10, 2025, issued a proposed interpretive ...