RSSCFPB relaunches (smaller) advisory boards
After dissolving its three advisory boards earlier this year, the Consumer Financial Protection Bureau has formally reconvened them with new and fewer members who will serve shorter terms.
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CFPB issues first overall report under Mulvaney
The report is the first one issued with CFPB Interim Director Mick Mulvaney at the helm, and largely follows formats and standards laid out during Richard Cordray’s tenure at the Consumer Financial Protection Bureau.
Federal court upholds CFPB investigative demand
A federal court in Pennsylvania recently denied a petition from a student loan servicer, Heartland Campus Solutions, for a stay of a civil investigative demand from the Consumer Financial Protection Bureau.
Top CFPB student loan official resigns
In his resignation letter, student loan ombudsman Seth Frotman alleged that current bureau leadership has “turned its back on young people and their financial futures.”
Senate committee advances Kraninger
Kathleen Kraninger
Kathleen Kraninger is one step closer to leading the Consumer Financial Protection Bureau after a close vote by the Senate Banking Committee. The committee’s 13 Republicans all voted in favor of the controversial nominee, who is currently a staffer at the Office of Management and Budget, and its 12 Democrats all voted against Kraninger.
CFPB backs off of military lenders
The Consumer Financial Protection Bureau plans to alter the way it manages enforcement of financial products for military personnel, focusing on complaints received rather than preemptive exams.
CFPB settles with Hydra Group
The Consumer Financial Protection Bureau settled with the defendants in the Hydra Group payday lending lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.
Bureau continues fintech innovation push
The Consumer Financial Protection Bureau announced a collaboration with 11 financial regulators and related organizations to create the Global Financial Innovation Network.
Americans largely support the CFPB, survey finds
Nearly three-quarters of Americans support the Dodd-Frank Act of 2010 which created the Consumer Financial Protection Bureau, according to a survey commissioned jointly by a pair of consumer advocacy organizations.
CFPB announces initiatives to support innovation
Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney announced this week two new initiatives designed to support innovation in the financial services industry.
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