To ensure that the CFPB hears from a variety of external experts with diverse viewpoints, we established the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council. These advisory committees provide the CFPB with information about emerging trends and practices in the consumer financial marketplace. They also allow us to hear directly from small financial institutions.
OAKLAND – As part of a coalition of 26 attorneys general, California Attorney General Rob Bonta today announced that he has filed a comment letter supporting the Federal Trade Commission's (FTC) proposed improvements to its existing Negative Option Rule. “Negative option offers” are a business tactic of interpreting a consumer’s silence — or failure to take affirmative action — as acceptance of an offer, often in the form of a recurring, unwanted subscription that is difficult or impossible to cancel.
TUSTIN, CA / ACCESSWIRE / June 22, 2023 / SchoolsFirst Federal Credit Union, the largest credit union serving school employees and their families, today announced that it donated and raised $345,122 in 2022 to support Children's Miracle Network Hospitals (CMNH), including UC Davis Children's Hospital, Children's Health of Orange County (CHOC), Children's Hospital Los Angeles and Rady Children's Hospital - San Diego.
Washington, D.C., June 22, 2023 (GLOBE NEWSWIRE) -- The Consumer Financial Protection Bureau (CFPB) is an outlier agency, and the U.S. Supreme Court should overturn its illegitimate funding method, the New Civil Liberties Alliance argues in a petition for a writ of certiorari filed in the case of Law Offices of Crystal Moroney v. CFPB. In October, the U.S. Court of Appeals for the Fifth Circuit decided in Community Financial Services Assoc. of America, Ltd. v. CFPB that the agency’s funding structure violates the Appropriations Clause of the U.S. Constitution.
Accounts receivable management industry issues including medical debt credit reporting, regulations on “junk fees,” and overall regulatory processes, rang through in two congressional hearings with Consumer Financial Protection Bureau Director Rohit Chopra last week.
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