Nearly three-quarters of Americans support the Dodd-Frank Act of 2010 which created the Consumer Financial Protection Bureau, according to a survey commissioned jointly by a pair of consumer advocacy organizations.
Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney announced this week two new initiatives designed to support innovation in the financial services industry.
TCF National Bank has settled with the Consumer Financial Protection Bureau over allegations it “tricked” consumers into enrolling in its overdraft protection program.
President Donald Trump’s pick for the seat on the Supreme Court vacated by Justice Anthony Kennedy is no fan of the Consumer Financial Protection Bureau.
Most borrowers pay off their student loan before the scheduled due date of the final payment, often with a single large final payment.
The deputy director of the Consumer Financial Protection Bureau will step down early next week, a move prompted by Trump’s nomination of Kathy Kraninger to permanently head the bureau, she said in a statement. She also plans to drop her lawsuit seeking to be named acting director of the agency.
Citibank will be required to pay restitution totaling $335 million to 1.75 million consumers over violations of the Truth in Lending Act; significantly, however, Citibank will not be fined by the Consumer Financial Protection Bureau.