RSSCFPB finalizes prepaid accounts rule
The changes adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets as well as delaying implementation until April 2019.
Category Archives: January 2018 Articles
Court denies CFPB suit for restitution against lender
The bureau was seeking penalties and restitution from CashCall, Inc., for violating the Consumer Financial Protection Act and the Dodd-Frank Act’s prohibition on “unfair, deceptive, and abusive acts and practices.”
CFPB’s Mulvaney taps reserves for 2Q budget, calls for review of functions
In the latest change at the CPFB, acting director Mick Mulvaney requested $0 from Federal Reserve Chair Janet Yellen for the second quarter, instead proposing to pull from a back-up fund created by former director Richard Cordray.
CFPB to reconsider payday lending rule
Mick Mulvaney
The Consumer Financial Protection Bureau will reconsider its recently issued and highly controversial payday lending rule, it said in a statement issued today.
Warren objects to CFPB suspension of personal data collection
Sen. Elizabeth Warren (D-Mass.)
New director Mick Mulvaney has suspended the bureau’s collection of personal identifying information when taking consumer complaints, and Sen. Elizabeth Warren (D-Mass.) is not happy with the move.
GOP senator seeks probe into English appointment
Sen. Ron Johnson (R-Wis.)
Sen. Ron Johnson (R-Wis.) launched an inquiry into the appointment of Leandra English to her role as chief of staff at the Consumer Financial Protection Bureau.
Resistance continues at the CFPB
Mick Mulvaney, Director of the Consumer Financial Protection Bureau, continues to face internal resistance to his recent appointment by President Trump.
Mulvaney asserts control at CFPB
Interim CFPB director Mick Mulvaney appointed six new high-ranking administrators to support him, each of whom are drawn from other positions within the Trump Administration.
Whistleblower accuses CFPB of fraud
A former employee of the Consumer Financial Protection Bureau has come forward with accusations of fraud against the agency.
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