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Fed Chair Janet Yellen was on Capitol Hill last week making her semiannual visit before the House Financial Services Committee. When she was asked basic information about the CFPB, Yellen appeared to lack basic knowledge of the Bureau’s budget.
Among the many Super Bowl ads aired this past Sunday, one drew the ire of the Consumer Financial Protection Bureau.
Last month, the Consumer Financial Protection Bureau traded briefs in federal court with Integrity Advance regarding Integrity’s motion to dismiss a CFPB enforcement action alleging violations of the Unfair, Deceptive or Abusive Acts and Practices clause of the Real Estate Settlement Procedures Act.
An independent audit of the Consumer Financial Protection Bureau shows it needs to update information privacy policies and procedures to better protect consumers.
A court date of April 12 has been set for the next stage in a legal challenge to the Consumer Financial Protection Bureau’s enforcement power.
On Dec. 23, the CFPB closed the application period for an assistant director, small business lending markets, a job paying up to $275,000 for identifying opportunities to “enhance fairness, transparency and functioning” of small business lending markets.
The bureau has been working to acquire various data related to loans, bank accounts, debt repayment and other transactions in an effort to learn more about trends and issues that affect Americans.
The latest monthly complaint snapshot from the Consumer Financial Protection Bureau focuses on money transfer issues and complaints from Georgia consumers.
Change to Win, a union federation, has asked the CoFPB to investigate wireless carrier T-Mobile for “misleading advertisements and abusive debt collection practices” related to its no-contract cell phone service.
Last month, Politico reported that the recently proposed payday lending regulations by the CFPB had been written in close communication with a consumer advocate non-profit.