RSSTask force on federal consumer law launched
The Consumer Financial Protection Bureau announced that it will establish a taskforce to examine ways to ‘harmonize and modernize’ federal consumer financial laws.
Author Archives: CFPB Journal staff report
CFPB names advisory board members
Consumer Financial Protection Bureau Director Kathy Kraninger announced the appointment of members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.
CFPB files suit against credit brokers
The Consumer Financial Protection Bureau and the South Carolina Department of Consumer Affairs filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage Company, Inc., and Life Funding Options, Inc.
CFPB launches innovation partnership
The Consumer Financial Protection Bureau has launched the American Consumer Financial Innovation Network in partnership with multiple state regulators. ACFIN is aimed at enhancing coordination among federal and state regulators to facilitate financial innovation. The bureau also announced several new policies designed to promote innovation.
CFPB settles with Illinois debt collection firm
The Consumer Financial Protection Bureau has settled with Asset Recovery Associates, Inc., a debt-collection company headquartered in Illinois, over allegations it falsely threatened consumers.
ITT settles CFPB suit
The Consumer Financial Protection Bureau has settled its suit against ITT Educational Services, Inc. The suit alleged that ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010.
CFPB settles with N.Y. debt collection group
The Consumer Financial Protection Bureau filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray, all based in Buffalo, N.Y.
Equifax settles with CFPB, FTC over data breach complaint
Credit scoring giant Equifax has settled a complaint with the Consumer Financial Protection Bureau over its handling of its 2017 data breach.
CFPB settles with Freedom Debt Relief
The Consumer Financial Protection Bureau has settled its lawsuit against Freedom Debt Relief over violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010.
CFPB settles with student loan company of for-profit college
The Consumer Financial Protection Bureau has settled with Student CU Connect CUSO, LLC, a company set up to hold and manage private loans for students at the for-profit ITT Technical Institute.
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