April 2016 Articles – CFPB Journal

CFPB takes action against debt collection mill

The Consumer Financial Protection Bureau entered into a consent order with a debt collection organization over questionable lawsuits.

Judge denies CFPB’s authority over accreditors

A federal judge struck a blow to the Consumer Financial Protection Bureau’s recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors approve for-profit colleges.

Federal Court pummels CFPB in hearing

On April 12, the Consumer Financial Protection Bureau was in federal court defending its governance structure against a lawsuit filed by PHH Mortgage pursuant to a penalty levied by the Bureau last year. If the initial interrogatories and oral arguments are any indication, the CFPB may face a significant restructuring.

CFPB sitting on $300 million in relief fund

The Consumer Financial Protection Bureau has amassed more than $300 million in its consumer relief fund, according to a budget report issued by the Bureau in February.