CFPB
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Regulator orders Apple, Google to hand over app store payment system data
A federal consumer bureau has ordered Amazon, Apple, Facebook, Google and others to hand over payment system data to investigate their practices.
Google's latest search feature helps you buy a house
If you’re planning to buy a house, then congratulations and good luck — it can be a daunting process. To make it a bit easier, Google has teamed with the Consumer Financial Protection Bureau (CFPB) to create a new mobile Search feature.
It doesn’t matter if China hacked Equifax
On Monday the FBI and AG Barr announced "an indictment last week charging four members of the Chinese People's Liberation Army (PLA) with hacking into the computer systems of the credit reporting agency Equifax and stealing Americans' personal data and Equifax's valuable trade secrets." China's military refutes the charges.
Equifax settlement for data breach will only cost it $4 per person
The reports of an impending Equifax settlement were true. The company has agreed to settle with the Federal Trade Commission, the Consumer Financial Protection Bureau, attorneys general and New York's Department of Financial Services over its massive 2017 data breach. It will pay between $575 million to $700 million to victims, states and regulators, including a restitution fund that will pay up to $425 million to provide credit monitoring for up to 10 years. About $300 million is guaranteed for the monitoring payout, with $125 million more waiting if that initial amount runs low.
PayPal will refund $15 million to customers if the CFPB has its way
The Consumer Financial Protection Bureau alleges that PayPal engaged in unfair, abusive and deceptive practices in the marketing and management of its PayPal Credit service, formerly known as Bill Me Later. To rectify the (many) outlined abuses, the CFPB filed a complaint and proposed consent order that directs PayPal to refund $15 million to affected consumers, plus pay a $10 million fine to the CFPB's Civil Penalty Fund. The proposed consent order isn't an official ruling just yet -- a judge with the US District Court for the District of Maryland must approve the order for it to be enforced.
