Senate committee advances Kraninger

Kathleen Kraninger is one step closer to leading the Consumer Financial Protection Bureau after a close vote by the Senate Banking Committee. The committee’s 13 Republicans all voted in favor of the controversial nominee, who is currently a staffer at the Office of Management and Budget, and its 12 Democrats all voted against Kraninger.

Published August 2018

CFPB settles with Hydra Group

The Consumer Financial Protection Bureau settled with the defendants in the Hydra Group payday lending lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.

Published August 2018

CFPB settles with TCF

TCF National Bank has settled with the Consumer Financial Protection Bureau over allegations it “tricked” consumers into enrolling in its overdraft protection program.

Published July 2018

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