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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Eyeing Big Tech, Payments and Crypto

November 8, 2021
Sam Manas
CFPB Director Rohit Chopra raised concerns about how big technology companies operate their payments platforms. The regulator is also looking into risks posed by cryptocurrency.
Read More

Other News in Brief

November 8, 2021
Sam Manas
New York to apply CRA standards to nonbanks; CFPB announces 2022 regulatory thresholds under TILA; CFPB issues advisory opinion on mistaken identity matching.
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CFPB Chief Warns Lenders to Focus on Fair Lending

October 25, 2021
Paul Muolo
The government settled a mortgage redlining case against a southern bank, but a warning shot may’ve been fired on technology and bias.
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Chopra Beefs Up Senior Leadership at CFPB

October 25, 2021
Brandon Ivey
While Zixta Martinez got bumped up, two new faces — Karen Andre and Jan Singelmann — are joining the senior ranks of the CFPB.
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First Enforcement Action Under Chopra Targets Abusive Practices

October 25, 2021
Brandon Ivey
JPay, a company that helps the government distribute money to people at the end of their prison sentences through debit cards, charged consumers fees to access their own money, the bureau said in its complaint.
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CFPB Paying Attention to Big Tech’s Payment Platforms

October 25, 2021
Brandon Ivey
Amazon, Apple, Facebook, Google, PayPal and Square have been ordered to provide information regarding their payment platforms. The CFPB said the order was part of a market monitoring effort.
Read More

Fair Lending and Servicing a Top Priority for CFPB

October 25, 2021
Brandon Ivey
The CFPB under Rohit Chopra is expected to be much more aggressive regarding fair lending and fair servicing than under his predecessors.
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Chou Team COO Fined $40M Over Credit Report Fraud

October 25, 2021
Namrata Bhatia
A California district court found Jawad Nesheiwat, the company’s COO, guilty of providing consumer credit information to student loan debt-relief companies to use in marketing their services.
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Court Sides with BofA in Escrow Interest Class Action

October 25, 2021
Namrata Bhatia
A Maryland homeowner sought to file a class action against Bank of America for violating a state law requiring banks to pay interest on funds maintained in escrow accounts.
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CFPB Joins FTC, NC DOJ in Defense of Fair Credit Reporting Act

October 25, 2021
Dennis Hollier
The bureau filed a joint amicus brief with the Federal Trade Commission in a case that seeks to use a section of the Communications Decency Act to avoid prosecution under the Fair Credit Reporting Act.
Read More
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