The Consumer Financial Protection Bureau filed one lawsuit and reached five settlements last week, totaling nearly $206.6 million in civil resolutions and redress.

Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, including banning medical debt from credit reports and restricting late fees and overdraft fees.

Democrats may have lost power in Washington in part because voters blamed them for the rising cost of goods, but when Joe Biden’s administration hands over power, it will also leave behind a series of strong new protections for consumers.

Financial industry powerhouses are going full steam ahead in court fighting Biden administration banking rules, even as Republicans set for a power trifecta in Washington consider reversing the eleventh-hour rulemaking.

The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.

If the new Consumer Financial Protection Bureau regulations lead to more doctors billing patients up front, that could increase demand for worksite health finance benefits.

The CFPB estimates $49 billion in medical bills will be removed from the credit reports of 15 million Americans under a new rule.

(Reuters) - Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by U.S. President Joe Biden's outgoing administration banning the inclusion of medical debt in American consumers' credit reports.

Rohit Chopra has been going for broke. With the Biden administration winding down, the Consumer Financial Protection Bureau director has continued to roll out splashy and controversial new ...

As Black America knows, we suffer disproportionately from medical debt. According to Bloomberg, while 11% of low-income and uninsured Americans of all races have medical debt, 13% of Black Americans struggle with medical debt compared with just 7% of White and 3% of Asian Americans.

Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit reports, threatening the viability of what could be a popular regulation.

During his presidency, Joe Biden faced significant setbacks at the U.S. Supreme Court, whose 6-3 conservative majority overturned key policies central to his agenda. Landmark rulings included the 2022 overturning of Roe