The CFPB has an unlikely supporter of its proposal for tighter prepaid card regulations — Green Dot, the issuer of one of the most recognized prepaid cards in the country.
There’s a loophole in the law that protects your bank debit card against errors, fraud and lost cards, and those protections don’t apply to most prepaid cards.
The CFPB is implementing a new rule that will allow certain banks and credit unions to stop sending privacy disclosures via standard mail. Do you understand your bank’s privacy policies?
The Michigan-based bank is paying the price for breaking the CFPB’s new mortgage-servicing rules.
The news that an auto finance company distorted consumer credit records for years is a good reminder to check your credit report regularly.
Add the CFPB to the list of agencies warning consumers about the perils of cryptocurrencies.
CFPB warns schools about a lack of transparency in their agreements with banks to market products to students.
The Consumer Financial Protection Bureau again has raised concerns about overdraft protections at banks, today releasing a report that says small debit card purchases lead to expensive overdraft fees. “Today’s report shows that consumers who opt in to overdraft coverage put themselves at serious risk when they use their debit card,” CFPB Director Richard Cordray
The CFPB wants to hear consumers’ complaints about prepaid cards and other nonbank products
In a move that could create further tension with banks but generate popularity with consumers wanting to vent, the Consumer Financial Protection Bureau is proposing publishing more information on consumer complaints against banks. In particular, the CFPB wants to give customers the ability to publicly publish narratives of their experiences with a financial company. It