The Consumer Financial Protection Bureau (CFPB) will soon propose a rule that would apply privacy protections to data brokers, CFPB Director Rohit Chopra said Thursday (Sept. 19). In remarks prepared for delivery at the Aspen Institute, Chopra said this proposed rule would give consumers more control of their own sensitive data.
On September 18, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a set of frequently asked questions (FAQs) providing guidance on applying Regulation Z requirements to Pay-in-Four Buy Now, Pay Later (BNPL) products accessed through digital user accounts (DUAs). These FAQs follow the Bureau’s interpretive rule issued in May of this year, subjecting BNPL transactions to provisions of Regulation Z applicable to “credit cards.”
The Consumer Financial Protection Bureau (CFPB) recently released its annual report to Congress on the Fair Debt Collection Practices Act (FDCPA), with a significant focus on medical debt collection and consumer complaints tied to health care providers’ financial assistance programs. However, concerns have been raised about the accuracy of some claims, which rely solely on reports from the CFPB’s Consumer Complaint Database.
The Federal Communications Commission (FCC) has issued a call for public comments on a proposed rule aimed at improving the Robocall Mitigation Database. This database, established in 2021 under the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, requires voice service providers to track call authentication and ensure their services are not facilitating illegal robocalls.
It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.
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