Observing the First International Day to Combat Islamophobia
Muslims worldwide too often face discrimination and hatred based on their religious beliefs. Last year, the United Nations declared March 15 as the International Day to Combat Islamophobia. This date…
CFPB Initiates Review of Credit Card Company Penalty Policies Costing Consumers $12 Billion Each Year
The Consumer Financial Protection Bureau (CFPB) is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late…
Secretary Blinken’s Meeting with Cessation of Hostilities Agreement (COHA) Signatories
The following is attributable to Spokesperson Ned Price: Secretary Blinken met with the signatories of the Pretoria Cessation of Hostilities Agreement (COHA). Government of Ethiopia National Security Advisor Redwan Hussein…
CFPB Helps Survivors Mitigate the Financial Consequences of Human Trafficking
Today, the Consumer Financial Protection Bureau (CFPB) issued a final rule to help survivors avoid some of the financial consequences of human trafficking. The CFPB has established, among other things,…
Assistant Secretary Leaf’s Travel to Jordan, Egypt, Lebanon, and Tunisia
Assistant Secretary of State for Near Eastern Affairs Barbara Leaf will travel to Jordan, Egypt, Lebanon, and Tunisia March 15-25, 2023. Assistant Secretary Leaf will travel to Jordan from March…
CFPB Affirms Ability for States to Police Credit Reporting Markets
Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws. With limited preemption exceptions, states…
Russian Noncompliance with and Invalid Suspension of the New START Treaty
Russia’s noncompliance with the New START Treaty, and its claimed suspension of the treaty, are unfortunate and irresponsible steps. Mutual compliance with New START strengthens the security of the United…
CFPB Moves to Reduce Junk Fees Charged by Debt Collectors
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors…
CFPB Rescinds Special Regulatory Treatment for Payactiv
The Consumer Financial Protection Bureau (CFPB) issued an order today terminating Payactiv’s Sandbox Approval Order relating to its earned wage access products. The CFPB had given Payactiv special regulatory treatment,…
CFPB Issues Advisory to Protect Privacy When Companies Compile Personal Data
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible…