CFPB sues another payday lender

The Consumer Financial Protection Bureau last week filed a federal lawsuit against All American Check Cashing, a payday lender with dozens of locations in the south

New CFPB arbitration ban draws criticism

Last week, the CFPB announced a new rule banning arbitration clauses in consumer contracts for a variety of products and services, however many are concerned that now the only way into a courtroom is with a class-action lawsuit

CFPB bans arbitration agreements

The CFPB announced that it would use its authority under the Dodd-Frank Act to prohibit the use of mandatory arbitration clauses in contracts, alleging that these clauses “deny customers their day in court.”

Judge denies CFPB’s authority over accreditors

A federal judge struck a blow to the Consumer Financial Protection Bureau’s recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors approve for-profit colleges.

Federal Court pummels CFPB in hearing

On April 12, the Consumer Financial Protection Bureau was in federal court defending its governance structure against a lawsuit filed by PHH Mortgage pursuant to a penalty levied by the Bureau last year. If the initial interrogatories and oral arguments are any indication, the CFPB may face a significant restructuring.

Student loan servicers draw CFPB attention

The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declares bankruptcy or dies.

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