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CFPB Consumer Complaints Up 50 Pct During Pandemic

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The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release from the U.S. The CFPB was off to a good start after the last economic crisis,” said Mike Litt , U.S. PIRG Education Fund.

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FTC Looking For Comments On Customer Privacy, Security Amendments

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The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

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US High Court Considers CFPB’s Fate

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president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. The CFPB was founded in 2010.

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Changing The Direction Of Debt Collection

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Debt collectors have been the second-leading major generator of consumer complaints since the Consumer Financial Protection Bureau (CFPB) added them as an area that consumers could log complaints against in June 2013. Debt collectors managed to lose their No.

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Some Large Retailers Not Sold On One-Click Ordering

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Sources familiar with the matter said that the Retail Industry Leaders Association (RILA) met with the Federal Trade Commission (FTC) and the Federal Reserve this week to talk about those concerns, with representatives from Walmart, Home Depot, Walgreens Boots Alliance Inc. and Target , among others, in attendance.

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In Europe, Single Data Market Looms?

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As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). CFPB Files Suit Against Citizens Bank. Digital Currencies, Too. million credit card customers. million credit card customers.

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Why Regulation Won’t Fix Credit Reporting Agencies

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has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. Not even 20 percent of consumers have a beef with The Big Three. Senator Elizabeth Warren (D – Mass.)