CFPB files overdraft service lawsuit against TCF Bank

The tactics used by TCF Bank, for which the Consumer Financial Protection Bureau filed a lawsuit against the company, are no different than the methods employed by insurance salesmen, and the bureau will be hard pressed to prove consumers didn’t understand what they were signing up for, argues Publisher Tom Bengtson.

Exam priorities carefully determined, CFPB official says

Steven L. Antonakes, Acting Deputy Director at the Consumer Financial Protection Bureau, spoke to a group of bankers on Thursday, April 18 in Des Moines, Iowa. In his 45-minute presentation, he explained how the bureau decides which institutions to examine.

Bank challenge to Card Act amendment succeeds

Responding to a lawsuit filed nearly two years ago by a Sioux Falls bank, the Consumer Financial Protection Bureau has issued a final rule amending the Credit Card Accountability and Disclosure Act of 2009.

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