Author Archives: CFPB Journal staff report

CFPB releases FDCPA report

The Consumer Financial Protection Bureau focused on debt collection requirements during the pandemic, according to this year’s report to Congress on the administration of the Fair Debt Collection Practices Act.

CFPB rescinds abusiveness policy statement

In another Biden era change, the Consumer Financial Protection Bureau has retracted a policy statement it issued last year on the ‘abusive’ standard of the Dodd-Frank Act. “Going forward, the CFPB intends to exercise its supervisory and enforcement authority consistent with the full scope of its statutory authority under the Dodd-Frank Act,” the bureau said.

CFPB delays QM compliance date

The Consumer Financial Protection Bureau wants to push back the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.

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.

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