All CFPB articles – Page 7
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Blog
Warren hits CFPB director with 100-question quizzing
The latest move in the ongoing chess match between Sen. Elizabeth Warren (D-Mass.) and CFPB Acting Director Mick Mulvaney is the legislator’s demand for answers to more than 100 questions relating to the Bureau’s policies and actions.
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Blog
GUIDE Act targets CFPB’s rulemaking transparency
The recently filed Give Useful Information to Define Effective Compliance Act (or, for short, GUIDE Act), seeks to “bring predictability and transparency” to CFPB’s process of promulgating rules and guidance.
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Article
What Wells Fargo’s woes could mean for near future of bank regulation
A $1 billion fine may set the stage for even harsher enforcement actions against Wells Fargo and their big bank brethren, despite the deregulatory zeal taking hold at the Federal Reserve and other agencies.
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BlogWells Fargo fined $1B by OCC, CFPB
The Office of the Comptroller of the Currency, in a coordinated action with the Consumer Financial Protection Bureau, assessed a total civil money penalty of $1 billion against Wells Fargo Bank for engaging in abusive lending practices concerning its auto loans.
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Blog
Battle over CFPB's auto loan guidance could expand scope of CRA
A Senate vote on Tuesday invalidated CFPB guidance on automobile lending practices and could give legislators greater ability to deploy the Congressional Review Act as a tool for regulatory rollbacks.
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Blog
CFPB seeks public input on complaint collection
Amid its current overhaul under new leadership, the Consumer Financial Protection Bureau is seeking feedback on its process for logging consumer complaints.
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Blog
Acting CFPB director wants a radical overhaul of the agency
In the pages of the CFPB’s semi-annual report, Acting Director Mick Mulvaney included four recommendations for legislative changes to the agency. “The Bureau is far too powerful, with precious little oversight of its activities,” he said.
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Blog
CFPB launches public review of complaint database
Continuing a top-down reassessment of operations and policies, the CFPB has settled on its next review target: its controversial complaint database.
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Blog
CFPB is latest agency questioned over fake comments
Energy and Commerce Ranking Member Frank Pallone, Jr. (D-N.J.) is requesting an investigation into the "widespread submission of fake public comments" during the CFPB's consideration of its payday lending rule.
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Blog
CFPB reviews supervisory processes, reveals multi-year strategic plan
The Consumer Financial Protection Bureau is continuing a public consultation process that coincides with a five-year strategic plan for its operations, goals, and priorities.
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Blog
As CFPB retreats, FTC urged to charge ahead with Equifax investigation
As the CFPB’s efforts fade away, Sen. Amy Klobuchar (D-Minn.) is urging the Federal Trade Commission to ramp up its own investigation into last year’s Equifax data breach.
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Blog
Coalition urges Congress to halt CFPB rule on ‘payday’ loans
Free market groups, led by the Competitive Enterprise Institute, petitioned Congress to stop the Consumer Financial Protection Bureau’s restrictions on “payday” loans.
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Blog
CFPB shuffles unit reporting lines, reviews administrative proceedings
The work of a CFPB unit dedicated to discrimination cases, the Office of Fair Lending and Equal Opportunity, has been undermined by a recently announced organizational change, critics say. Also under new scrutiny at the agency: its use of administrative proceedings.
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Blog
Snapping losing streak, CFPB gets constitutional nod from appeals court
Amid Republican led efforts to weaken its purview, the Consumer Financial Protection Bureau has prevailed against a legal challenge to the constitutionality.
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Blog
CFPB finalizes changes to prepaid accounts rule
The Consumer Financial Protection Bureau has announced finalized to its prepaid rule. Included in the changes is a year-long extension to the effective date.
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Blog
St. Thomas Moore’s influence on the recast CFPB
The reshaping of the CFPB at the hands of Acting Director Mick Mulvaney continued this week: In an “all hands” memo, Bureau employees were prepared for a philosophical readjustment.
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Blog
Dropbox, HSBC, and the CFPB
In case you missed it this week, Dropbox filed confidentially for an IPO, HSBC settles over money-laundering allegations, and the CFPB is giving loan-sharks some slack.
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Blog
CFPB’s new director backs away from ‘payday rule’
President Trump’s pick to head the Consumer Financial Protection Bureau has initiated the first step toward delaying implementation of a controversial “payday rule” enacted in October.
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Blog
Was CFPB data collection freeze politically motivated?
Senator Elizabeth Warren (D-Mass.) is demanding answers from Mick Mulvaney, director of the Office of Management and Budget, over his decision to freeze the collection of consumer data by the Consumer Financial Protection Bureau.
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Blog
Fed plans transfer of consumer protection rules to CFPB
The Federal Reserve Board has announced the repeal of one regulation and revisions to another as part of an effort to transfer certain consumer protection rule-writing authority to the Consumer Financial Protection Bureau.