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CFPB Fines Equifax $15M Over Consumer Dispute Probes

Reuters on MSN · 4h

US consumer bureau fines Equifax $15 million over handling of consumer disputes

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

MarketWatch · 4h

CFPB Fines Equifax $15M Over Consumer Dispute Probes

Without admitting or denying the findings, Equifax has agreed to pay a $15 million civil monetary penalty that will be deposited into the CFPB's victims relief fund. A representative for Equifax didn't immediately respond to a request for comment.

ConsumerAffairs · 3h

Equifax fined $15 million over its handling of consumer disputes

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons

The College Investor on MSN · 55m

Equifax Fined $15M Over Credit Errors And Dispute Handling

Key Points ・The CFPB ordered Equifax to pay $15 million for mishandling consumer disputes and re-inserting previously deleted mistakes. ・Flawed processes led to confusing letters, inaccurate credit scores,

Block, Cash App and Consumer Financial Protection Bureau

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.

Channel NewsAsia Singapore · 16h

US consumer finance watchdog orders payments firm Block to pay $175 million

The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty tied to the operations of its peer-to-peer payments network CashApp. The order includes a redress to consumers of up to $120 million and a penalty of $55 million into the CFPB’s victims relief fund.

Newsable Asianet News on MSN · 1d

Consumer Finance Watchdog Asks Block To Pay $175M Over Cash App Deficiencies: Retail Remains Unfazed

The Consumer Financial Protection Bureau (CFPB) has ordered Block Inc., the operator of peer-to-peer payments app Cash App, to pay $175 million in refunds, compensation, and penalties for certain deficiencies.

Hosted on MSN11h

US consumer finance watchdog faces lawsuit for classifying digital wallets as banks

Technology trade groups TechNet and NetChoice filed a lawsuit on Jan. 16 to challenge the CFPB's regulatory approach.

CFPB's Proposed Rule Targets Consumer Financial Contracts

The Consumer Financial Protection Bureau (CFPB) issued a proposed rule under Regulation AA to address the use of restrictive and coercive clauses ...

What Is the Consumer Financial Protection Bureau?

The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...

The National Law Review2d

What the Future May Hold for the Consumer Financial Protection Bureau's Open Banking Rule

Will the Consumer Financial Protection Bureau’s (CFPB) recently promulgated open banking rule survive under the new Congress ...

Consumer Financial Protection Bureau Pursues Action to Stop Kickback to Brokerages for Steering Consumers to Rocket Mortgage

The Consumer Financial Protection Bureau (“CFPB”) filed an action on December 23, 2024, against Rocket Home Real Estate LLC (“Rocket Homes”), a ...

3d

Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments

Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest ...

1d

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the ...

4d

No magic ‘wand’ for the GOP in scrapping consumer rules

A flurry of recent actions by the Consumer Financial Protection Bureau has left Republicans seething about “midnight ...

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