All CFPB articles – Page 7
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ArticleCFPB to provide more information to firms under investigation
The Consumer Financial Protection Bureau says it will provide financial services firms under investigation more detail on what violations prompted the agency’s scrutiny.
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ArticleReport: FTC, CFPB have blind spots for credit reporting agencies
A report by the Government Accountability Office finds that the FTC and CFPB have oversight and enforcement shortcomings when it comes to credit reporting agencies.
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ArticleCFPB resurrects consumer advisory boards
CFPB Director Kathleen Kraninger has reinstated the agency’s consumer advisory boards. It is currently accepting applications for members to serve on those boards, which were disbanded last year by her predecessor.
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Article
Waters urges CFPB employees to be whistleblowers
Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.
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ArticleCFPB moves forward with ‘disclosure sandbox’ for companies
With a comment period now wrapped up, the CFPB plans to move forward with a proposal to offer firms innovative “trial disclosure programs.”
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Blog
Critics blast CFPB’s plan to weaken payday lender rules
Critics are taking their shots against the CFPB for attempting to scale back its rules covering payday lenders. Lawmakers are also questioning the Bureau’s retreat from negotiating enforcement settlements that fail to include monetary restitution for customers.
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Article
CFPB retreats from payday lending rule
The CFPB this week both cracked down on a law-breaking payday lender and announced an effort to weaken 2017 rules meant to hold small-dollar lenders to greater oversight and scrutiny.
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BlogCFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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Blog
Waters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
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Blog
Supreme Court will not hear CFPB constitutional challenge
The Supreme Court has declined to hear a years-long lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau.
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Blog
CFPB’s name game reaches its endgame
In one of her first moves since taking charge of the CFPB, Director Kathy Kraninger has spiked a controversial initiative to rename and rebrand the agency.
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ArticleWill Kraninger bring change to the CFPB?
With the Senate confirmation of new director Kathy Kraninger on Dec. 6, critics and supporters alike are pondering the future of the Consumer Financial Protection Bureau.
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Blog
Senate Dems serve up scathing rebuke of Mulvaney-led CFPB
A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”
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Blog
Banking groups petition for clarity on regulatory guidance
Two influential groups representing the interests of banks are petitioning the Consumer Financial Protection Bureau for formal rulemaking regarding the use of supervisory guidance.
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ArticleCFPB pitches choose-your-own disclosure
The CFPB has proposed the creation of a regulatory “sandbox” for testing and approving new approaches to financial product disclosures.
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BlogState agencies may be final frontier for consumer advocates
As the Consumer Financial Protection Bureau weakens, state agencies—mini-CFPBs if you will—may step up to fill the void.
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Blog
CFPB, amid controversy, names new advisory committees
The Consumer Financial Protection Bureau has announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council.
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Blog
CFPB’s student loan ombudsman slams the door on his way out
The CFPB’s student loan ombudsman may have quit, but he is not going quietly. “After 10 months under your leadership, it has become clear that consumers no longer have a strong, independent consumer bureau on their side,” Seth Frotman told his former boss, Acting Director Mick Mulvaney.
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Blog
Senate Democrats demand Military Lending Act assurances from CFPB
All 49 Democrats on the U.S. Senate have written to CFPB Director Mick Mulvaney, urging him to forgo reported plans to end examinations for Military Lending Act compliance.
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Blog
Legislation seeks crackdown on bank overdraft fees
The recently filed Stop Overdraft Profiteering Act of 2018 would ban overdraft fees on debit card transactions and ATM withdrawals and limit fees placed for checks and recurring payments.