Christopher Mufarrige is named acting director of the FTC's Bureau of Consumer Protection; TD Bank promotes Andrew Stewart, Nadir Johnes and Jo Jagadish; PayPal's John Kim is leaving the company; and more in this week's banking news roundup.

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate consumer disputes regarding credit reports.

The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

The Federal Trade Commission (FTC) is giving back millions of dollars to people who bought clothes from Fashion Nova, which was accused of hiding negative

Background, Purpose, and Structure of the Proposed Rule - On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) published

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

The Consumer Financial Protection Bureau (CFPB or Bureau) proposed a new rule aimed at banning certain contractual provisions in agreements

WASHINGTON (Reuters) - A U.S. appeals court on Monday threw out rules adopted by the Biden administration to ban bait-and-switch tactics and prohibit auto dealers charging for add-on costs that do not benefit new car buyers.

"By offering predatory credit with just a few taps on your cell phone, cash advance apps are a loan shark in your pocket .. cash advance app borrowers are trapped in a cycle of debt like that experienced by payday loan borrowers," Candice Wang, senior researcher at the Center for Responsible Lending, said on the group's website.

While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are hoping that consumer protection remains a priority for the current administration, but they also have a clear common message for consumers – pay attention.

Democratic NLRB member Gwynne Wilcox called her removal “unprecedented and illegal” and vowed to challenge the decision.