December 2016 Articles – CFPB Journal

Public interest firm sues CFPB over FOIA request

The request, filed by the Cause of Action Institute, sought access to CFPB files pertaining to its proposed arbitration rule.

Military Credit Services sued over loan disclosures

The Consumer Financial Protection Bureau today sued Military Credit Services, LLC $200,000 for making loans with “improper disclosures”.

CFPB forges ahead with CID subpoenas

The Consumer Financial Protection Bureau recently filed legal petitions against two financial companies seeking to force them to cooperate with administrative subpoenas known as “civil investigative demands”.

CFPB issues guidance for bank sales incentives

Incentives for employees and service providers to meet sales goals can lead to consumer harm if not properly managed, the Consumer Financial Protection Bureau said in new guidelines issued in the wake of fines recently levied against Wells Fargo.

Campaign donations reveal CFPB to be highly partisan

Employees at the bureau made more than 300 donations totaling nearly $50,000 to Democratic candidates. Not a single donation was given in support of a Republican or conservative candidate.