RSSSupreme Court: President can fire CFPB director at will
In a 5-4 decision, the Supreme Court has ruled that the current structure of the Consumer Financial Protection Bureau is unconstitutional, although it left its existence intact.
Author Archives: Mara Gawarecki
CFPB responds to COVID-19
The Consumer Financial Protection Bureau announced a number of changes to help consumers and regulated businesses amid the fallout from the COVID-19 pandemic. It suspended several data collection requirements, tweaked its examination structure and joined other federal regulators in urging financial institutions to work with impacted customers.
CFPB finally offers definition of ‘abusive’
The Consumer Financial Protection Bureau has finally offered a clarification of the ‘abusive’ standard laid out in the Dodd-Frank Act nearly a decade after its passage. The CFPB said it would focus on citing or challenging conduct as abusive in supervision and enforcement matters only when “the harm to consumers outweighs the benefit.”
College credit card market on the decline, CFPB report shows
Marketing credit cards to college students is on the decline, according to a recent report from the Consumer Financial Protection Bureau.
CFPB files suit against student loan operation
The Consumer Financial Protection Bureau has filed a complaint and a temporary restraining order against a student-loan debt-relief operation engaged in allegedly unlawful conduct.
Senators call for investigation into student loan forgiveness program
Twenty-three Democratic Senators have called for an investigation into a loan servicer over its handling of a student loan forgiveness program.
CFPB tweaks consumer complaint database
The Consumer Financial Protection Bureau announced several changes to its consumer complaint database while it will continue publication of consumer complaints, data fields and narrative descriptions
Kraninger argues against constitutionality of CFPB’s structure
Kathy Kraninger, director of the Consumer Financial Protection Bureau, has thrown her support behind the view that the agency she leads is structured unconstitutionally.
CFPB settles with broker who targeted veterans
The Consumer Financial Protection Bureau and the Office of the Arkansas Attorney General filed a proposed settlement with Andrew Gamber and several of his companies.
Democrats object over CFPB staffer’s track record
Sen. Elizabeth Warren (D-Mass.) and several other Democrats have objected to a recent hire at the Consumer Financial Protection Bureau over his past employment.
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