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The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account. [3] [4] The unauthorized transfer involved data from seven firms, though the majority of ...
The CFPB, the brainchild of Democratic Sen. Elizabeth Warren of Massachusetts, was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance.
The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the CFPB is funded does ...
The court in a 7-2 vote ruled that the funding structure of the Consumer Financial Protection Bureau (CFPB), which allows the agency to be funded directly by the Federal Reserve, ...
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, and other financial companies operating in the United States.
The Fair and Accurate Credit Transactions Act of 2003 ( FACT Act or FACTA, Pub. L. 108–159 (text) (PDF)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and ...
WASHINGTON (Reuters) - The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau's funding mechanism in a challenge brought by the payday loan industry, handing a victory ...
The court on Thursday upheld the CFPB's funding mechanism - drawing money annually from the Federal Reserve rather than from budgets passed by Congress - in a challenge by the payday loan industry ...