March 2014 Articles – CFPB Journal

CFPB refuses to appear at Congressional hearing on employee discrimination

The Consumer Financial Protection Bureau said it will not attend the April 2 hearing of the House Financial Services Committee on employee discrimination at the bureau.

CFPB poised to issue payday lending rule

The Consumer Financial Protection Bureau is in the late stages of formulating rules for payday lenders, according to remarks made by CFPB Director Richard Cordray at a field hearing in Nashville, Tenn.

CFPB expenditures rose 46 percent last year

According to a recent financial statement issued by the Federal Reserve, spending by the Consumer Financial Protection Bureau rose by nearly half, to $563 million in 2013 from $385 million in 2012.

Report strengthens CFPB debt collection focus

Consumers are being “hounded” by debt collectors, according to a report by the Consumer Financial Protection Bureau.

FOIA suit brought against CFPB over its headquarters renovation

The CFPB has attracted scrutiny from Republican congressmen and conservative watchdogs over its headquarters renovation.

Bank consultant and past FDIC chairman raise concerns about CFPB

The Consumer Financial Protection Bureau may not regulate community banks directly but it is affecting the actions of banks’ primary regulators, commented speakers at a conference last month in Milwaukee.

Credit reporting remains a priority for the CFPB

Oversight of credit reporting companies remains a priority for the Consumer Financial Protection Bureau.

CFPB targets for-profit college

The Consumer Financial Protection Bureau has filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college of predatory student lending.