Cfpb articles
-
CFPB's Activist Regulators Are at It Again
The Consumer Finance Protection Bureau (CFPB), which has become overtly activist and routinely oversteps its authority under the chair Rohit Chopra and the Biden administration, is preparing to ignore the law once again.
-
CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived students about the real cost of loans and made false claims about the hiring rates of the bootcamp’s graduates. The order permanently bans BloomTech from all consumer-lending activities; bans Allred […]
-
ATR Supports Fight Against CFPB’s Credit Card Late Fee Rule
Without any direction from Congress, the Consumer Financial Protection Bureau (CFPB) finalized a rule that (1) changes the safe harbor dollar amount for late fees from $30, or $41 for subsequent late payment violations, to a strict threshold of $8 while prohibiting any higher amount for future delinquencies; and (2) removes the safe harbor late […]