RSSCFPB sitting on $300 million in relief fund
The Consumer Financial Protection Bureau has amassed more than $300 million in its consumer relief fund, according to a budget report issued by the Bureau in February.
Author Archives: John Niemann
Report claims CFPB regulation costing banks millions
Independent mortgage banks are starting to feel the sting from new mortgage rules implemented by the Consumer Financial Protection Bureau.
Student loan servicers draw CFPB attention
The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declares bankruptcy or dies.
Some questions for the CFPB in House hearing
CFPB Director Richard Cordray sat down in front of the House Financial Services Committee for a hearing last week, delivering the bureau’s semi-annual report and taking questions.
An analysis of abusive practices as understood by the CFPB
A recent report by K&L Gates highlights the conclusions that can be drawn from the CFPB’s understanding of an abusive act.
Former Ally CEO charges CFPB with shakedown
Former Ally Financial Inc., CEO Michael A. Carpenter said the CFPB abused its power by holding the bank’s business hostage in order to coerce a record settlement of “trumped-up” racism charges and push profit-killing new regulations on the entire auto-lending industry.
Federal Reserve Chair not real sure about the CFPB Budget
Fed Chair Janet Yellen was on Capitol Hill last week making her semiannual visit before the House Financial Services Committee. When she was asked basic information about the CFPB, Yellen appeared to lack basic knowledge of the Bureau’s budget.
Super Bowl ad criticized by CFPB
Among the many Super Bowl ads aired this past Sunday, one drew the ire of the Consumer Financial Protection Bureau.
CFPB claims exemption from statute of limitations
Last month, the Consumer Financial Protection Bureau traded briefs in federal court with Integrity Advance regarding Integrity’s motion to dismiss a CFPB enforcement action alleging violations of the Unfair, Deceptive or Abusive Acts and Practices clause of the Real Estate Settlement Procedures Act.
PHH challenges CFPB enforcement action
A court date of April 12 has been set for the next stage in a legal challenge to the Consumer Financial Protection Bureau’s enforcement power.
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