Payday lender fined $10 million by CFPB
Payday Lender Ace Cash Express has been ordered by the Consumer Financial Protection Bureau to pay $10 million in restitution and penalties for deceptive debt-collection practices.
Payday Lender Ace Cash Express has been ordered by the Consumer Financial Protection Bureau to pay $10 million in restitution and penalties for deceptive debt-collection practices.
The Consumer Financial Protection Bureau has issue a proposed rule expanding the collection of information required under the Home Mortgage Disclosure Act.
The Consumer Financial Protection Bureau will now begin accepting consumer complaints about prepaid cards and other nonbank products, the bureau announced earlier this week.
The Wall Street Journal reports that the Consumer Financial Protection Bureau has proposed expanding its online complaint system to capture more detailed narrative information from consumers
Before July 14, the Consumer Financial Protection Bureau was working to get banking industry feedback on a contract to govern banks’ use of consumer complaint data.
The Consumer Financial Protection Bureau has issued guidance warning mortgage brokers against the misuse of the “mini-correspondent” lender identification.
The American Bankers Association joined two other trade groups in urging the Office of Management and Budget not to approve a survey on credit card arbitration agreements proposed by the CFPB.
Estimated renovation costs for the rented headquarters of the Consumer Financial Protection Bureau have increased yet again, to approximately $215 million, according to a report from the Federal Reserve’s Inspector General Mark Bialek.
The Consumer Financial Protection Bureau and the Department of Justice have fined the institution formerly known as GE Capital Retail Bank $228 million for deceptive marketing and discriminatory credit card practices.
The CFPB is a data-driven agency. That is the message given countless times on the bureau’s website and in the speeches of Richard Cordray, the agency’s director.