CFPB Journal staff report – Page 15

CFPB sues ‘predatory’ immigration services company

The Consumer Financial Protection Bureau has filed a case against Libre, an immigrant services company, over what the agency called a “predatory immigrant-services scam.”

Acting director: CFPB will prioritize consumer input

The Consumer Financial Protection Bureau will center consumer voices, wrote Acting Director Dave Uejio in a blog post outlining priorities for the agency’s Division of Consumer Education and External Affairs.

CFPB issues semi-annual report

The Consumer Financial Protection Bureau has issued its fall 2020 semi-annual report, which covers fall 2019 to summer 2020.

Acting CFPB director outlines priorities

Dave Uejio, acting director of the Consumer Financial Protection Bureau, plans to prioritize COVID-19 relief for consumers and racial justice issues during his time at the helm of the agency.

Kraninger resigns at CFPB

Kathy Kraninger, director of the Consumer Financial Protection Bureau, has resigned at the request of President Biden.

Taskforce on consumer financial law releases report

The Consumer Financial Protection Bureau taskforce on federal consumer financial law released a report last week with recommendations on how to improve consumer protection in the financial marketplace.

CFPB settles with Omni Financial

The Consumer Financial Protection Bureau issued a consent order against Omni Financial of Nevada, Inc., last week requiring the company to pay a $2.175 million civil money penalty.

CFPB names deputy chief of staff, AD for innovation

The Consumer Financial Protection Bureau has named Jocelyn Sutton as deputy chief of staff and Ann Epstein as assistant director of the office of innovation.

Small business feedback on data collection largely positive

Early feedback indicates small businesses generally support measures to implement Dodd-Frank Act Section 1071, which governs the collection and reporting of small business lending data.

Nationstar settles over servicing practices

The Consumer Financial Protection Bureau filed a complaint and proposed stipulated judgment and order this week against Nationstar Mortgage. The company violated multiple Federal consumer financial laws, causing “substantial harm” to the borrowers whose mortgage loans it serviced, the bureau said.