RSSRats run rampant at CFPB headquarters
News surfaced last week of trouble at the Consumer Financial Protect Bureau, but the issues had nothing to do with President Trump or federal court decisions.
Category Archives: News
CFPB, FTC issue joint report on illegal debt collection practices
The Consumer Financial Protection Bureau and the Federal Trade Commission, which share enforcement responsibilities under the Fair Debt Collection Practices Act released a joint report on their efforts to combat illegal debt collection practices in 2017.
CFPB issues final rule to facilitate mortgage communication
The rule, an update to the 2016 mortgage servicer rule, is aimed at improving communication between mortgage servicers and consumers in bankruptcy. It goes into effect April 19.
CFPB to collaborate more with state AGs
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, stated the bureau plans to increase coordination with state attorneys general in enforcing federal consumer financial protection law.
Republicans file brief supporting Mulvaney
The group of 38 Senators and 75 Representatives, led by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), filed the brief late last week.
CFPB drops lawsuit against payday lender
Under former director Richard Cordray, the bureau had originally sought a permanent injunction on the business activities of Golden Valley Lending and three other payday lenders last year.
CFPB asks for input on external engagement
The bureau is seeking comments and information from interested parties on “ways to engage the public and receive feedback on the work of the agency.”
Latest RFI to look at supervision processes
The request for information on supervision processes is the fourth in what looks to be a lengthy list of reviews from the Consumer Financial Protection Bureau.
CFPB seeks feedback on regulatory process
The request for information specifically calls for suggestions on “burden reduction” in its enforcement of federal consumer laws, while still fulfilling the bureau’s statutory function and commitment to transparency.
Mulvaney appoints chief of staff
Kirsten Sutton Mork was serving as staff director of the House Financial Services Committee under Chairman Jeb Hensarling (R-Texas) prior to being appointed by CFPB acting director Mick Mulvaney.
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