A new internal memo from the CFPB says it will 'deprioritize' its student-loan oversight in Trump's latest move to overhaul the consumer watchdog

Business Insider reviewed an internal memo from the CFPB calling on its employees to "deprioritize" student loans, medical debt, and more. Read More

What Debt Protections Could Consumers Lose Without the CFPB?

The CFPB’s role in enforcing consumer ... debt collectors, high-interest lenders and debt resolution companies. “As one example, at the federal level, complaints concerning improper debt ... Read More

The CFPB says it will 'deprioritize' protecting student borrowers, people with medical debt

The Consumer ... other financial companies that had consumed much of its attention during Joe Biden’s presidency. The plan would mark a major change in direction for the CFPB, which was created ... Read More

Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed

Retail cards hit a record high average interest rate of 30.5% last year, according to a Bankrate survey, and rates have stayed close to those levels this year. Read More

CFPB Penalizes Performant Recovery for Unlawful Debt Collection Practices

Borrowers in default are entitled to a one-time ... Under the Consumer Financial Protection Act and the Fair Debt Collection Practices Act, the CFPB determined Performant’s conduct to be both ... Read More

CFPB to revoke advisory opinion that put RCM companies on notice over debt collection practices

The Consumer ... debt collectors — including third-party revenue cycle management companies — that they are violating federal law when they collect on inaccurate or invalid medical debts. The ... Read More