The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values
FTC Sends More Than $5 Million in Refunds to Consumers Harmed by Bogus Credit Repair Scheme
Archive for Rulemaking
After a Supreme Court decision last month, the CFPB’s rule to bring common-sense consumer protections for payday loans and other kinds of high-cost credit will move forward
The CFPB is working to accelerate the shift to open banking through a new personal data rights rule intended to break down these obstacles, jumpstart competition, and protect financial privacy
Today, the CFPB is taking another step toward ensuring accountability for automated decision models, sometimes marketed as artificial intelligence (AI)
The CFPB is exploring long-term solutions to move away from single points of failure, ensure system resilience, and eliminate unnecessary complexity in rulemaking
Today the CFPB finalized an update to our procedural rule regarding administrative adjudication
The CFPB is requesting comment on whether it should finalize its preliminary determination that a New York commercial financing law—as well as potentially similar laws in California, Utah, and Virginia—are not preempted by the Truth in Lending Act
Today, we finalized changes to our procedural rule related to nonbank supervision based on a risk determination
Markets work best when rules are simple, easy to understand, and easy to enforce
The Consumer Financial Protection Bureau (CFPB) announced today that it will extend the deadline for the public to share input and stories on their experiences with exploitative junk fees through April 11, 2022
