News with the tag "Consumer Financial Protection Bureau"

President Donald Trump is set to sign an executive order beginning a government-wide review of regulations. According to a White House fact sheet, the order will require all federal agencies to assess their regulations to ensure alignment with the administration’s policies and billionaire Elon Musk’...

President Donald Trump is just about done naming the key figures he's seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. ...

The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being...

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating customers out of billions of dollars in interest. The CFPB alleges Capital One misled consumers into believing that its product known as “360 Savings” wa...

The new December ruling from the US Consumer Financial Protection Bureau impacts payment apps and digital wallets offered by large non-bank companies.

The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is pro...

Donald Trump won the election, Bitcoin is literally worth over $107,000 right now, and Wall Street’s now drooling over crypto like it’s the new gold rush. Sounds perfect, right? Except it actually isn’t. Thanks to Trump, crypto is sinking its claws deep into everything. Wall Street, banks, pensions,...

A US bank regulator says it’s shutting down a “legal loophole” that’s costing customers $5 billion in overdraft fees per year. The Consumer Financial Protection Bureau (CFPB) says a new rule will force large banks to either limit overdraft fees to $5, align them to actual costs and losses, or treat ...

The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the "Larger Participants" rule.

Credit card debt interest rates have significantly risen in the last four years. The U.S. credit card rates have now surged to an all-time high of 23.4%, and the total credit card debt also staged a record number by surpassing the trillion dollar mark.