Tom Bengtson – Page 2

CFPB says nearly 80,000 consumer complaints filed

The Consumer Financial Protection Bureau has handled nearly 80,000 consumer complaints since the Bureau opened on July 21, 2011.

CFPB finds differences in credit scores

The credit score you purchase from a credit reporting agency may be very different from the score your lender sees.

Proposed rules permit mortgage lenders to charge upfront points, fees

In an update to a story we ran May 16, the Consumer Financial Protection Bureau is seeking public comment on rules governing mortgage originations.

CFPB reprimands Capital One in case similar to Minnesota’s charge against Discover

The Consumer Financial Protection Bureau announced July 18 its first public enforcement action, requiring Capital One Bank, N.A., to refund approximately $140 million to two million customers and to pay an additional $25 million penalty.

Senior staff changes made

The Consumer Financial Protection Bureau announced several high-level staff changes last week.

CFPB publishing data about credit card complaints

The Consumer Financial Protection Bureau announced June 19 that it is publishing data surrounding consumer complaints on credit cards, and that it plans to publish information about other kinds of complaints in the future.

Recess appointment heightens CFPB’s sense of urgency

The advocacy group Judicial Watch, recently obtain documents through a Freedom of Information filing which show that Richard Cordray, Director of the Consumer Financial Protection Bureau, acknowledged the constitutional uncertainty surrounding his recess appointment by President Obama.

CFPB Director Cordray explains Bureau’s responsibility to community banks

Richard Cordray, Director of the Consumer Financial Protection Bureau, told about 1,100 bankers gathered in Nashville earlier this week that the CFPB exists to help them, as well as consumers.

CFPB official describes bureau’s approach to financial literacy, supervision

The Consumer Financial Protection Bureau will have a significant financial education component, in addition to its supervisory and enforcement responsibilities, said Barton Shapiro, senior advisor for community banks and credit unions with the CFPB. Barton spoke to bankers Nov. 3 gathered in Lincoln, Neb., for the annual meeting of the Nebraska Independent Community Bankers.

Banking industry trade groups advocate for CFPB changes

Representatives from the two largest trade associations representing the banking industry recently testified before Congress expressing concerns about the Consumer Financial Protection Bureau.