Latest U.S. Consumer Financial Protection Bureau News
Editorial Roundup: New York
New York Post. June 12, 2024. Editorial: New York is about to make its high school diplomas worse than useless The State Education Department just announced that it plans to make the value of a New York high school diploma worthless. Parents should be...
Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits
NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. ...
Buy now, pay later companies must adhere to credit card standards, consumer agency says
NEW YORK (AP) — Buy now, pay later companies must provide consumers with the same legal rights and protections as credit card lenders do, the Consumer Financial Protection Bureau said Wednesday in a new rule. That includes the right to demand a refund and to dispute transactions....
Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks
NEW YORK (AP) — Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits and political and legal challenges to the idea of whether the Federal Government's aggressive consumer financial watchdog agency should be allowed exist at all. ...
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
WASHINGTON (AP) — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing...
