Task force on federal consumer law launched

The Consumer Financial Protection Bureau announced that it will establish a taskforce to examine ways to “harmonize and modernize” federal consumer financial laws. 

CFPB names advisory board members

Consumer Financial Protection Bureau Director Kathy Kraninger announced the appointment of members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.

CFPB files suit against credit brokers

The Consumer Financial Protection Bureau and the South Carolina Department of Consumer Affairs filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage Company, Inc., and Life Funding Options, Inc. 

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

CFPB launches innovation partnership

The Consumer Financial Protection Bureau has launched the American Consumer Financial Innovation Network in partnership with multiple state regulators. ACFIN is aimed at enhancing coordination among federal and state regulators to facilitate financial innovation. The bureau also announced several new policies designed to promote innovation.

CFPB settles with Illinois debt collection firm

The Consumer Financial Protection Bureau has settled with Asset Recovery Associates, Inc., a debt-collection company headquartered in Illinois, over allegations it falsely threatened consumers.

Legality of CFPB collector rule called into question

The Consumer Financial Protection Bureau proposed allowing collectors to contact debtors electronically so long as they complied with the provisions of the Fair Debt Collection Practices Act. A recent federal court ruling has called the validity of the CFPB’s new rule into question.

ITT settles CFPB suit

The Consumer Financial Protection Bureau has settled its suit against ITT Educational Services, Inc. The suit alleged that ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010.

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