John Niemann – Page 14

PHH challenges CFPB enforcement action

A court date of April 12 has been set for the next stage in a legal challenge to the Consumer Financial Protection Bureau’s enforcement power.

Serious concerns raised over CFPB data collection

The bureau has been working to acquire various data related to loans, bank accounts, debt repayment and other transactions in an effort to learn more about trends and issues that affect Americans.

CFPB as cudgel: Unions file complaint against T-Mobile

Change to Win, a union federation, has asked the CoFPB to investigate wireless carrier T-Mobile for “misleading advertisements and abusive debt collection practices” related to its no-contract cell phone service.

Emails reveal cozy relationship between CFPB and Non-Profit

Last month, Politico reported that the recently proposed payday lending regulations by the CFPB had been written in close communication with a consumer advocate non-profit.

CFPB sues law firm over debt collection lawsuits

Attorneys and law firms are keeping an eye on a case currently working its way through federal court in Georgia. In the case the CFPB used its authority to sue a law firm that filed legal documents in support of a debt collection agency.

Issues found with CFPB complaint database

A recent article in American Banker highlights continuing problems with the complaint database maintained by the Consumer Financial Protection Bureau. The

Scholars shed light on payday loan debate

A recent article published on the blog for the Federal Reserve Bank of New York evaluates the various objections raised by the CFPB and others seeking to heavily regulate or even outlaw short term, high interest payday loans.

PHH appeal a test of CFPB authority

The U.S. Federal Court of Appeals has halted a CFPB enforcement action against PHH Mortgage. PHH filed a motion for a “stay of final action” as part of its appeal of the $109 million enforcement ruling that found PHH took kickbacks from mortgage insurers.

CFPB now regulating employee background checks

The Consumer Financial Protection Bureau has penalized two of the largest employment background screening companies in the nation with fines and relief payments for allegedly reporting inaccurate information about job applicants.

Accrediting agency being investigated by CFPB

The Consumer Financial Protection Bureau has issued a civil investigative demand to a national accreditor of for-profit colleges.