RSSCFPB settles with Security Group over improper collections
The Consumer Financial Protection Bureau announced a consent decree with Security Group, Inc., for improperly aggressive collections of consumer debts.
Author Archives: John Niemann
CFPB drops lawsuit against PHH
The Consumer Financial Protection Bureau ended its long dispute with PHH by dropping its case against the mortgage lender, bringing a close to the regulatory saga.
CFPB may shutter complaint database
The Consumer Financial Protection Bureau’s online database has been inactive since December, and Acting Director Mick Mulvaney doesn’t seem keen to reopen it.
Political wrangling likely to reignite as Mulvaney’s term ends
Acting Director Mick Mulvaney’s temporary term at the Consumer Financial Protection Bureau ends June 22, and President Donald Trump has yet to name his replacement.
House takes up legislation requiring more CFPB transparency
The Give Useful Information to Define Effective Compliance Act was introduced by Rep. Sean Duffy (R-Wis.) and Rep. Ed Perlmutter (D-Colo.) on April 17.
Senate considering several bills to reform CFPB
The bills recently considered by the Senate range from Sen. Mike Crapo’s (R-Idaho) already-passed and House-bound Economic Growth, Regulatory Relief, and Consumer Protection Act to Sen. Ted Cruz’ (R-Texas) Repeal CFPB Act, which does precisely what its label says.
House bill proposes reform of CFPB leadership
A bipartisan group of two Republicans and two Democrats introduced a bill in the House that would address the contentious issue of leadership at the Consumer Financial Protection Bureau.
Rats run rampant at CFPB headquarters
News surfaced last week of trouble at the Consumer Financial Protect Bureau, but the issues had nothing to do with President Trump or federal court decisions.
CFPB to collaborate more with state AGs
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, stated the bureau plans to increase coordination with state attorneys general in enforcing federal consumer financial protection law.
CFPB drops lawsuit against payday lender
Under former director Richard Cordray, the bureau had originally sought a permanent injunction on the business activities of Golden Valley Lending and three other payday lenders last year.
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