Semi-Annual Report of the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau’s (CFPB) latest report highlights a growing reliance on digital payment platforms and the unique risks they pose, particularly for servicemembers and underserved communities. From overdraft fees to credit card penalties, the bureau emphasizes the need for transparency and fair practices in consumer finance. Key areas of focus include enhancing protections for medical debt and addressing bias in automated financial systems. The CFPB remains committed to fostering accountability and equity in an ever-evolving financial landscape.