We are very pleased to report that the CFPB has denied a Petition for Rulemaking filed by a group of consumer advocate organizations that ...
Prohibition on Marketing Claims Recipients of no-action letters or sandbox approvals are barred from using these designations in promotional materials. The CFPB wants to ensure that consumers do ...
The CFPB issued separate policy statements on "sandbox approvals" and no-action letters for fintechs. Both policies are expected to be rescinded by an acting CFPB director appointed by President-elect ...
An Equifax spokesperson said the settlement resolves a long-running investigation that was publicly disclosed in 2022. The company worked proactively with the CFPB even before the probe began to ...
The CFPB said its investigation also found multiple other credit furnishing accuracy and dispute investigation ... Finally, officials learned the resulting letters Equifax sent to consumers ...
After forwarding information about a dispute to a furnisher, Equifax did not meaningfully consider whether the furnisher's response made sense, the CFPB said, and sometimes ignored information it had ...
The credit-reporting firm is further accused of issuing confusing and conflicting letters about the results of dispute investigations ... be deposited into the CFPB's victims relief fund.