Citibank will be required to pay restitution totaling $335 million to 1.75 million consumers over violations of the Truth in Lending Act; significantly, however, Citibank will not be fined by the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau announced a consent decree with Security Group, Inc., for improperly aggressive collections of consumer debts.
The Consumer Financial Protection Bureau ended its long dispute with PHH by dropping its case against the mortgage lender, bringing a close to the regulatory saga.
The Consumer Financial Protection Bureau’s online database has been inactive since December, and Acting Director Mick Mulvaney doesn't seem keen to reopen it.
Acting Director Mick Mulvaney's temporary term at the Consumer Financial Protection Bureau ends June 22, and President Donald Trump has yet to name his replacement.
The Give Useful Information to Define Effective Compliance Act was introduced by Rep. Sean Duffy (R-Wis.) and Rep. Ed Perlmutter (D-Colo.) on April 17.
The bills recently considered by the Senate range from Sen. Mike Crapo's (R-Idaho) already-passed and House-bound Economic Growth, Regulatory Relief, and Consumer Protection Act to Sen. Ted Cruz' (R-Texas) Repeal CFPB Act, which does precisely what its label says.
A bipartisan group of two Republicans and two Democrats introduced a bill in the House that would address the contentious issue of leadership at the Consumer Financial Protection Bureau.
News surfaced last week of trouble at the Consumer Financial Protect Bureau, but the issues had nothing to do with President Trump or federal court decisions.
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, stated the bureau plans to increase coordination with state attorneys general in enforcing federal consumer financial protection law.