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.

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 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 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 Federal Trade Commission (FTC) is responsible for enforcing federal laws that protect consumers and promote competition. This includes both consumer protection and antitrust laws at the federal level.

"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.

Inflation, rising costs, and financial scams are taking a toll on service members and their families. Consumer Investigator Caresse Jackman examines the unique financial pressures military families face and the strategies to overcome them.

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the

President Donald Trump's firing of Gwynne Wilcox spurred the now former NLRB member to say she will be "pursuing all legal avenues" to challenge her removal from the five-member board three years before her term was set to expire,

Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial marketplace.

Understanding your rights as a consumer is more critical than ever. Financial rights education platforms have emerged as vital tools to bridge the gap between complex regulations and everyday financial decisions.