Recently, the CFPB filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit, advocating for the reinstatement of a putative class action of home equity line of credit (HELOC) borrowers against a large Mid-Atlantic bank.
Reports from banks and payment networks show credit card delinquency rates are on the rise. Connect the dots, and the data hints at trouble ahead in the paycheck-to-paycheck economy.
A regulator has proposed creating a registry of nonbank financial lawbreakers to detect “repeat offenders.” The Consumer Financial Protection Bureau (CFPB) has proposed that certain nonbank financial firms be required to register with it when they become subject to certain consumer financial protection agency or court orders
The CFPB recently published its November 2022 Complaint Bulletin analyzing consumer complaints related to crypto assets. The Bulletin notes that between October 2018 and September 2022 more than 8,300 such complaints were submitted to the CFPB, with the largest numbers of complaints originating in California, Florida, New York, and Texas.
WASHINGTON — A growing number of consumers are falling behind on their car payments, a trend financial analysts fear will continue, in a sign of the strain soaring car prices and prolonged inflation are having on household budgets.
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