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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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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ArticleCFPB makes move to stake a claim against bankrupt Synapse, the fintech software company
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
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News BriefCFPB could run out of money by fall, report says
The Trump administration declawed the Consumer Financial Protection Bureau from the very beginning of his second term. It now appears the agency might be running out of money.