John Niemann – Page 12

CFPB moves to regulate another new industry

The Consumer Financial Protection Bureau is once again casting its shadow over an industry where its jurisdiction may be questionable.

CFPB spending big on a public relations campaign

The Consumer Financial Protection Bureau has launched a public relations campaign, seemingly in the wake of some recent bad publicity.

CFPB reform bill introduced in House

House Financial Services Committee Chairman Jeb Hensarling has presented the outlines of a reform bill designed to make fundamental changes to the Dodd-Frank Act.

Divining data requirements from recent CFPB consent orders

Over the past year, the Consumer Financial Protection Bureau has entered into several consent orders with major players in the financial services industry.

CFPB sues another payday lender

The Consumer Financial Protection Bureau last week filed a federal lawsuit against All American Check Cashing, a payday lender with dozens of locations in the south

New CFPB arbitration ban draws criticism

Last week, the CFPB announced a new rule banning arbitration clauses in consumer contracts for a variety of products and services, however many are concerned that now the only way into a courtroom is with a class-action lawsuit

CFPB bans arbitration agreements

The CFPB announced that it would use its authority under the Dodd-Frank Act to prohibit the use of mandatory arbitration clauses in contracts, alleging that these clauses “deny customers their day in court.”

CFPB takes action against debt collection mill

The Consumer Financial Protection Bureau entered into a consent order with a debt collection organization over questionable lawsuits.

Judge denies CFPB’s authority over accreditors

A federal judge struck a blow to the Consumer Financial Protection Bureau’s recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors approve for-profit colleges.

Federal Court pummels CFPB in hearing

On April 12, the Consumer Financial Protection Bureau was in federal court defending its governance structure against a lawsuit filed by PHH Mortgage pursuant to a penalty levied by the Bureau last year. If the initial interrogatories and oral arguments are any indication, the CFPB may face a significant restructuring.