Latest U.S. Consumer Financial Protection Bureau News
The head of a federal agency for consumers has packed up his office. But will Trump fire him?
WASHINGTON (AP) — The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, text — anything, really — from the Trump administration that might say if he's getting fired. After all, Chopra is a Biden administration...
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
NEW YORK (AP) — A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating" customers out of more than $2 billion in lost interest payments as a result. In a complaint filed Tuesday, the...
How removing unpaid medical bills from credit reports could help consumers
NEW YORK (AP) — Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans, according to a rule the Consumer Financial Protection Bureau finalized Tuesday. ...
Biden administration bans unpaid medical bills from appearing on credit reports
Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion...
Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans
OMAHA, Neb. (AP) — The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn't afford the mortgages they were given to buy manufactured homes from another Berkshire company,...
