Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A shake-up of senior staff of the federal consumer financial protection agency was announced late Friday, as new Director Kathleen (“Kathy”) Kraninger took steps to make her own mark on the agency. The Consumer Financial […]
A settlement between Enova International, Inc., an online lender that extends unsecured payday and installment loans, and lines of credit based in Chicago, Ill., and the Consumer Financial Protection Bureau (CFPB) requires Enova to pay a […]
There’s been no word yet, as of press time, from the Consumer Financial Protection Bureau (CFPB) on future plans for its payday lending rule, but the Federal Deposit Insurance Corp. (FDIC) website shows 60 letters […]
Credit or consumer reporting and debt collection continue to be the most-complained-about consumer financial products or services reported by military servicemembers, according to a report released Thursday by the federal consumer financial protection agency. In […]
A handful of final rules were announced in recent weeks by federal financial regulators to update thresholds for 2019 mortgage data collection, escrow requirements for high-cost mortgages, consumer loan and lease disclosures, and civil money […]
A broker allegedly offering high-interest credit to veterans has been permanently banned from (among other things) arranging agreements between veterans and third parties under which the veteran purports to sell a future right to an […]
A final rule to implement a 2.5% increase in maximum civil money penalties (CMP) that may be assessed by the Consumer Financial Protection Bureau (CFPB) was signed Jan. 6 by agency Director Kathleen (“Kathy”) Kraninger […]
The director of the federal consumer financial protection agency sent House Speaker Nancy Pelosi, Vice President Mike Pence and key House and Senate Committees draft legislation Thursday that she says would give her agency clear […]
The former acting director of the federal consumer financial protection agency may have moved on to become acting White House Chief of Staff, but his actions at the agency are squarely in the crosshairs of […]
An Ohio-based jewelry retailer – which includes among its name brands some of the most well-known stores across the nation – has agreed to a $10 million civil money penalty to federal authorities and a […]
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