Enforcement actions at the Consumer Financial Protection Bureau have dropped precipitously during the first three months of Director Kathy Kraninger’s tenure, according to a report from the Consumer Federation of America.
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The Consumer Financial Protection Bureau this week released the latest edition of its supervisory highlights report. The findings included in the report cover examinations in the areas of automobile loan servicing, deposits, mortgage servicing, and remittances.
Last week, the Consumer Financial Protection Bureau issued a report on the issues and trends revealed by reports of suspicious activity relating to elder financial exploitation.
The Consumer Financial Protection Bureau is preparing to regulate residential Property Assessed Clean Energy financing with an advance notice of proposed rulemaking.
Consumer credit reporting agency Equifax announced last week that it expects various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s substantial data breach last year.
Sen. David Perdue (R-Ga.) has introduced a bill in the Senate that would alter the current funding structure of the CFPB by bringing it under the typical Congressional appropriations process.
The House Financial Services Committee has sent a letter to Kathy Kraninger, director of the Consumer Financial Protection Bureau, requesting additional information on recent enforcement actions that resulted in no restitution to consumers.
The Consumer Financial Protection Bureau has entered into a proposed settlement with a group of corporate and individual defendants over violations of state interest rate caps and other consumer financial protection laws.
The Consumer Financial Protection Bureau has settled with Cash Tyme, a payday retail lender, over consumer financial protection and other violations.