News – Page 22 – CFPB Journal

CFPB settles Think Finance lawsuit

The Consumer Financial Protection Bureau proposed settlement with Think Finance, LLC, formerly known as Think Finance, Inc., and six subsidiaries which would resolve a 2017 lawsuit.

CFPB, Education Department strike pact to help student borrowers

The Consumer Financial Protection Bureau and the U.S. Department of Education announced a new coordination agreement in order to better serve student loan borrowers.

CFPB adds member to consumer law taskforce

William MacLeod, a partner at Kelley Drye & Warren, LLP, will join the previously announced slate of members of the taskforce on federal consumer financial law at the Consumer Financial Protection Bureau.

Student loan debt relief companies sued

The Consumer Financial Protection Bureau filed suit against several companies and individuals involved in offering student loan debt-relief services for allegedly obtaining consumer reports illegally, charging unlawful advance fees, and engaging in deceptive conduct.

College credit card market on the decline, CFPB report shows

Marketing credit cards to college students is on the decline, according to a recent report from the Consumer Financial Protection Bureau.

Democratic senators rebuke Kraninger over handling of student loans

A group of Democratic lawmakers has rebuked Kathy Kraninger, director of the Consumer Financial Protection Bureau, in a letter.

CFPB seeks comment on remission rule

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking relating to the remittance rule.

CFPB settles with military travel lender and servicer

The Consumer Financial Protection Bureau has settled with Edmiston Marketing, LLC, its principal Brandon Edmiston, and USA Service Finance, LLC, for a variety of violations.

CFPB issues clarification for temporary loan originators

The Consumer Financial Protection Bureau issued an interpretive rule clarifying screening and training requirements for financial institutions which employ loan originators with temporary authority, effective Nov. 24.

Kraninger approaches small business data collection rules with care

At a public symposium last week, academics, market participants and policy-makers gathered to discuss effective implementation of a Dodd-Frank Act section which would increase public data about small business lending, specifically those owned and operated by women and minorities.