The Supreme Court refused to allow a key part of President Biden’s student debt plan to move forward. Here’s what’s left of it, and who could still benefit.
Category: Consumer Financial Protection Bureau
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Consumer Protection Agency Cracks Down on Seller-Backed Home Sales
Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.
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What to Know About Online Paycheck Advances and Why They Face Scrutiny
The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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Biden Proposes Dropping Medical Debt From Credit Reports
The move would offer relief to millions of Americans who need a better credit score to get an apartment or a car, but it would not wipe out their financial obligations.
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C.F.P.B. to Create ‘Corporate Offender’ Registry
Most companies will be required to report government and court orders penalizing them for consumer protection violations.
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‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule
Shoppers who use the popular installment loans will be guaranteed some of the same consumer protections that traditional credit cards provide.
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FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs
Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.
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A Supreme Court Victory for the CFPB Won’t End a Regulatory Fight
A win for the Consumer Financial Protection Bureau removed the existential threat hanging over the agency, but opponents have vowed to keep on fighting.
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What the Supreme Court Ruling Means for Other Consumer Bureau Actions
A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.
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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding
A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.
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Judge Blocks New U.S. Rule Limiting Credit Card Late Fees
Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.