Article Archives – Page 53

Emails reveal cozy relationship between CFPB and Non-Profit

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.

CFPB sues law firm over debt collection lawsuits

Attorneys and law firms are keeping an eye on a case currently working its way through federal court in Georgia. In the case the CFPB used its authority to sue a law firm that filed legal documents in support of a debt collection agency.

Issues found with CFPB complaint database

A recent article in American Banker highlights continuing problems with the complaint database maintained by the Consumer Financial Protection Bureau. The

Scholars shed light on payday loan debate

A recent article published on the blog for the Federal Reserve Bank of New York evaluates the various objections raised by the CFPB and others seeking to heavily regulate or even outlaw short term, high interest payday loans.

PHH appeal a test of CFPB authority

The U.S. Federal Court of Appeals has halted a CFPB enforcement action against PHH Mortgage. PHH filed a motion for a “stay of final action” as part of its appeal of the $109 million enforcement ruling that found PHH took kickbacks from mortgage insurers.

CFPB now regulating employee background checks

The Consumer Financial Protection Bureau has penalized two of the largest employment background screening companies in the nation with fines and relief payments for allegedly reporting inaccurate information about job applicants.

Accrediting agency being investigated by CFPB

The Consumer Financial Protection Bureau has issued a civil investigative demand to a national accreditor of for-profit colleges.

Complaint snapshot highlights credit card issues

The latest monthly complaint snapshot from the Consumer Financial Protection Bureau highlights customer issues with credit cards.

Federal Court affirms CFPB’s penalty against Third Party Servicers

Last month, the Consumer Financial Protection Bureau prevailed in federal court on an important decision interpreting the Consumer Financial Protection Act. The court denied a motion to dismiss a CFPB complaint.

CFPB finalizes HMDA reporting updates

The Consumer Financial Protection Bureau has finalized a rule updating reporting requirements of the Home Mortgage Disclosure Act.