October 2018 Articles – CFPB Journal

Bureau settles with Cash Express

The Consumer Financial Protection Bureau announced a settlement with Cash Express, LLC, a small-dollar lender that offers high-cost, short-term loans as well as check-cashing services.

CFPB releases state-by-state complaint report

Although California, Florida and Texas topped the list of complaints by volume, the District of Columbia was the per capita leader in consumer complaints, with 358 per 100,000 citizens.

Reduced CashCall fine would send the wrong message, CFPB says

A reduced fine against online lender CashCall for violating state interest rate caps would send the wrong message, according to a brief filed in a federal appeals court by the Consumer Financial Protection Bureau.

CFPB supervision doesn’t decrease mortgage lending, Fed researchers say

Oversight from the Consumer Financial Protection Bureau hasn’t significantly decreased mortgages made by the nation’s largest banks. It has affected the kinds of mortgages those banks offer, however, say researchers at the New York Fed.

CFPB fines Fingerhut parent for delaying payments

The Consumer Financial Protection Bureau entered into a consent decree with Bluestem Brands, Bluestem Enterprises and Bluestem Sales to resolve allegations of misdeeds on the part of the company.

Democrats demand Mulvaney explain controversial employee’s hiring

A group of Senate Democrats has demanded an explanation from the acting director of the Consumer Financial Protection Bureau about the vetting process for a now-controversial employee.

Bureau wants feedback on data use

The Consumer Financial Protection Bureau is seeking industry and consumer input on its sources of data and how data is used.