Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
(Note: updated Nov. 28) A judge’s decision is expected as soon as Tuesday on a request to declare the deputy director of the Consumer Financial Protection Bureau (CFPB) the acting director — and block President […]
Mick Mulvaney, designated Friday as acting director of the Consumer Financial Protection Bureau (CFPB) while simultaneously continuing to serve as director of the Office of Management and Budget (OMB), took a seat at the bureau’s […]
Leandra English was tapped deputy director of the Consumer Financial Protection Bureau (CFPB) by outgoing Director Richard Cordray, the agency announced in a release Friday; English is now the agency’s chief of staff. As deputy director, […]
Consumer understanding of overdraft programs — including their perceptions of experiences, beliefs about advantages, and drawbacks to alternatives – are explored through “qualitative interviews” about the product issued in a report by the Consumer Financial […]
A dual fine totaling $6.5 million, and an order to “end these illegal servicing practices” was levied on Citybank, N.A. by the Consumer Financial Protection Bureau (CFPB) Tuesday over student loan servicing. According to the […]
A formal removal of the “arbitration rule” from the list of federal rules and regulations has been filed by the Consumer Financial Protection Bureau (CFPB), closing the book on the regulation. “Under the Congressional Review […]
New technology making it feasible for financial institutions to enable consumers to exert “much greater control” over their credit cards, debit cards, and other payment methods should be considered for speedy adoption by financial institutions […]
Software errors that led to auto lenders sending incorrect information about more than 1 million borrowers to credit reporting agencies has resulted in a $1.1 million fine and a demand for a plan from the […]
Reports are circulating in Washington that Office of Management and Budget (OMB) Director Mick Mulvaney will be tapped by the White House to lead the Consumer Financial Protection Bureau (CFPB) on an interim basis. Mulvaney […]
The CFPB today will finally publish its final rule on payday and vehicle title loans — released in Oct. 5 – with an effective day in mid-January (60-days after publication in the Federal Register). As […]
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