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The Latest Breaking News from Consumer Financial Protection Bureau

The nation's top consumer watchdog wants to protect your personal data and digital wallet

Rohit Chopra heads the Consumer Financial Protection Bureau (CFPB), the federal agency tasked with protecting consumers and their money. The CFPB in recent years has sued student loan servicers, investigated redlining — or discriminatory lending — in mortgages and other loans, and is now focusing on "buy-now-pay-later" firms, payment apps,…

The Philadelphia Inquirer

Fintechs question CFPB’s faith in innovation over ‘safe harbors’

WASHINGTON — The Consumer Financial Protection Bureau’s decision to end temporary “safe harbors” for two financial technology companies is raising eyebrows in the community, with some wondering if the agency is committed to promoting financial innovation.

Tribune News Service

Merger Arbitrage Mondays – Blackstone Acquires American Campus Communities (ACC)

Merger activity decreased last week with four new deals announced and one deal completed. One of the four deals announced was a potential deal in the works. American Campus Communities (NYSE: ACC)

Benzinga

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Liz Weston: Find Out and Fix What Big Data Says About You

Information about you — things you may have thought were private — is stored in databases operated by consumer reporting agencies

The Independent UK

Biden to nominate crisis veteran Barr as fed banking supervisor

President Joe Biden will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act of 2010, as the U.S. Federal Reserve’s chief banking supervisor.

Tribune News Service

Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks

A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown.

Los Angeles Times

Michael Hiltzik: Here are all the reasons CBS News should never have hired Trump aide Mick Mulvaney

Staff members at CBS News are in an uproar over the venerable news department's hiring of former Trump White House chief of staff Mick Mulvaney as a news commentator.

Los Angeles Times

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Consumer Confidential: A new law aims to protect you from surprise (read: bonkers) medical bills

The Consumer Financial Protection Bureau warned debt collectors and credit agencies last week that they need to step more carefully when it comes to trashing people's credit scores because of stratospheric medical bills.

Los Angeles Times

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