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.
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 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.
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.
Warren calls for investigation of CFPB name change
Sen. Elizabeth Warren (D-Mass.) has asked for an investigation of the proposed name change at the Consumer Financial Protection Bureau.
CFPB settles with Illinois bank
State Farm Bank, FSB, Bloomington, Ill., has settled with the Consumer Financial Protection Bureau for consumer financial protection and credit reporting violations.
Kraninger confirmed by Senate
Kathleen Kraninger, Trump’s appointee to lead the Consumer Financial Protection Bureau, was confirmed in a 50-49 party-line Senate vote. The Office of Management and Budget staffer replaces her OMB boss Mick Mulvaney as head of the CFPB.
Name change would cost millions
The name change proposed at the Consumer Financial Protection Bureau could cost regulated entities $300 million if the agency goes through with its switch to the Bureau of Consumer Financial Protection moniker.
Santander settles with CFPB over lax disclosures
Dallas-based Santander Consumer USA has settled with the Consumer Financial Protection Bureau over allegations it used deceptive acts or practices in marketing auto loan add-ons and extensions.
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