RSSProposed payday loan rule rewrite sparks backlash
A proposed change to the small-dollar lending rule at the Consumer Financial Protection Bureau has generated pushback from consumer advocates and support from the payday lending industry.
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Spotlight
News
House committee queries recent lack of restitution
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.
CFPB reaches settlement with offshore lenders
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.
Payday lender Cash Tyme settles with CFPB
The Consumer Financial Protection Bureau has settled with Cash Tyme, a payday retail lender, over consumer financial protection and other violations.
CFPB fines payday lender Enova
Enova International, Inc., a publicly-traded, online lender that markets payday and installment loans, announced this week that it has reached an agreement with the Consumer Financial Protection Bureau to address payment processing issues.
CFPB announces slate of new leadership
Consumer Financial Protection Bureau Director Kathleen Kraninger announced leadership changes within the bureau, including a policy associate for external affairs.
CFPB issues two reports concerning mortgage rules
Earlier this month, the Consumer Financial Protection Bureau published two reports assessing the effectiveness of its Ability to Repay and Qualified Mortgage Rule and its mortgage servicing rule.
Kraninger asks for explicit MLA enforcement authority
Consumer Financial Protection Bureau Director Kathleen Kraninger has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act.
USAA Federal Savings settles with CFPB
A Texas bank has settled with the Consumer Financial Protection Bureau over allegations it failed to stop payments or resolve errors.