September 2013 Articles

CFPB says Gramm-Leach-Bliley doesn’t apply to possible elder fraud

In union with six other federal regulatory agencies, the Consumer Financial Protection Bureau jointly issued an interagency guidance on reporting financial abuse of older adults.

Chase and JPMorgan Chase fined for credit card practices

In coordination with the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau ordered Chase Bank USA, N.A. and JPMorgan Chase, N.A. to refund approximately $309 million to more than 2.1 million customers for what the CFPB termed illegal credit card practices.

Cordray says prepaid cards are top priority

Regulation for the prepaid card market is “a real front-burner issue for the CFPB,” the agency’s Director Richard Cordray told the Washington Post on Sept. 11.

CFPB studying ways to improve consumer financial capability, decision-making

The Consumer Financial Protection Bureau recently summarized progress in its efforts to promote financial literacy.

CFPB still anxious about student debt

In the wake of its announcement that student loan debt had passed the $1.2 trillion mark, the Consumer Financial Protection Bureau continues to focus on student loan debt.

One-time state regulator promoted to CFPB deputy director

On Sept. 4, Steve Antonakes was named Deputy Director of the Consumer Financial Protection Bureau. The former commissioner of banking for the State of Massachusetts had been Acting Deputy Director.