Mick Mulvaney, Director of the Consumer Financial Protection Bureau, continues to face internal resistance to his recent appointment by President Trump.
Interim CFPB director Mick Mulvaney appointed six new high-ranking administrators to support him, each of whom are drawn from other positions within the Trump Administration.
A former employee of the Consumer Financial Protection Bureau has come forward with accusations of fraud against the agency.
Xerox Business Solution was fined for issues stemming from defective software that sent erroneous information to consumer reporting agencies, which affected more than 1 million customers.
Earlier this month, the Consumer Financial Protection Bureau reached a settlement with Vantage Capital Group that handed VCG administration rights to more than 800,000 private student loans that had been mismanaged by a trust called National Collegiate Student Loan Trusts.
The Consumer Financial Protection Bureau filed suit in federal court against two service providers for deceptively suggesting that they were affiliated with the federal government as well as falsely promising to eliminate consumers’ debts and improve their credit scores.
A group of more than twenty finance industry organizations filed suit against the Consumer Financial Protection Bureau, seeking to halt implementation of the bureau’s new arbitration rule.
The Consumer Financial Protection Bureau fined real estate settlement services provider Meridian Title Corporation $1.25 million for illegal kickbacks relating to consumers referred to an affiliated title-insurance business.
The Consumer Financial Protection Bureau filed an enforcement action this week against Top Notch Funding, a New Jersey-based loan broker that targeted its offers at consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds.
Last week, the Consumer Financial Protection Bureau entered into a consent order with a lead aggregation company, Zero Parallel, and its CEO.