The Consumer Financial Protection Bureau (CFPB) is facing renewed scrutiny from the financial industry. The agency has returned $16 billion to victimized consumers, drawing challenges from payday lenders and large banks. Steve Hall told The Hill's Julia Shapero that the CFPB has been a target for years. The CFPB is also examining high-cost specialty financial products, such as medical credit cards and installment loans, marketed to healthcare providers. Additionally, the CFPB has issued warnings against deceptive fine-print tactics targeting consumers and is increasing scrutiny of negative equity in auto lending.
#CFPB Warns Against Deceptive Fine-Print Tactics Targeting Consumers https://t.co/Xbjno5Ft7U #finance #consumerprotection @chopracfpb https://t.co/HSVXeCfRLp
#CFPB Warns Against Deceptive Fine-Print Tactics Targeting Consumers https://t.co/Xbjno5Ft7U #finance #consumerprotection @GT_Law https://t.co/b3v9neD60v
CFPB Report Foreshadows Increased Scrutiny of Negative Equity in Auto Lending https://t.co/abWU0g8XcK
The financial industry is once again targeting the @CFPB. Why? Because the agency has returned $16 billion to victimized consumers. Our Steve Hall tells @thehill's @JuliaShapero "for years, the agency has been the target of relentless challenges by payday lenders, large banks, &…
The @CFPB has heard troubling stories of high-cost specialty financial products (medical credit cards, installment loans, etc.) being pushed onto people in need of healthcare. We are examining how these products are marketed to healthcare providers. https://t.co/U9wABJ0eXP