CFPB Journal staff report – Page 27

CFPB wants feedback on remittance rule

The Consumer Financial Protection Bureau has issued a request for information on its remittance rule.

CFPB should have more authority over credit reporting, GAO says

The Consumer Financial Protection Bureau should take greater efforts to regulate credit reporting agencies, according to a recent report from the Government Accountability Office.

Bureau settles with Cash Express

The Consumer Financial Protection Bureau announced a settlement with Cash Express, LLC, a small-dollar lender that offers high-cost, short-term loans as well as check-cashing services.

Aequitas fined over ‘predatory’ student lending

The Consumer Financial Protection Bureau filed a complaint against Aequitas Capital Management, Inc., over its lending to students of Corinthian Colleges. Aequitas was accused of violating the Dodd-Frank Act’s prohibition against abusive acts and practices.

CFPB delays overhaul to key mortgage disclosures

On June 17, the CFPB announced it will delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1.

CFPB fines Regions Bank for overdraft violations

The Consumer Financial Protection Bureau has fined Regions Bank for charging customers for overdraft coverage they had not opted-in to receive.

PayPal fined for ‘abusive’ credit product

The Consumer Financial Protection Bureau has issued a consent order against PayPal for illegally enrolling consumers in its online credit product, PayPal Credit.

CFPB finalizes consumer narrative expansion for complaint portal

The Consumer Financial Protection Bureau has finalized the expansion of the consumer narrative portion of its online complaint database.

CFPB renovation costs increase again

Estimated renovation costs for the rented headquarters of the Consumer Financial Protection Bureau have increased yet again, to approximately $215 million, according to a report from the Federal Reserve’s Inspector General Mark Bialek.

GE Capital fined for discrimination, deceptive card practices

The Consumer Financial Protection Bureau and the Department of Justice have fined the institution formerly known as GE Capital Retail Bank $228 million for deceptive marketing and discriminatory credit card practices.