CFPB Journal staff report – Page 27

CFPB settles with servicer over TILA, RESPA violations

The Consumer Financial Protection Bureau has settled with BSI Financial Services, a mortgage servicer headquartered in Irving, Texas.

House passes Waters’ CFPB bill

Rep. Maxine Waters (D-Calif.)

The U.S. House has passed a bill authored by Rep. Maxine Waters (D-Calif.) aimed at undoing many of the changes made at the Consumer Financial Protection Bureau by former acting director Mick Mulvaney.

CFPB sues New York firm over debt collection violations

The Consumer Financial Protection Bureau today filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt-collection law firm.

Kraninger names deputy director, COO

Kate Fulton

Brian Johnson was named deputy director of the Consumer Financial Protection Bureau yesterday. Kate Fulton will serve as chief operating officer, and Director Kathy Kraninger announced several other new hires.

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.