RSSCFPB to regulate PACE financing
The Consumer Financial Protection Bureau is preparing to regulate residential Property Assessed Clean Energy financing with an advance notice of proposed rulemaking.
Category Archives: News
Equifax expecting a fine from the CFPB
Consumer credit reporting agency Equifax announced last week that it expects various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s substantial data breach last year.
Bill introduced to alter CFPB funding structure
Sen. David Perdue (R-Ga.) has introduced a bill in the Senate that would alter the current funding structure of the CFPB by bringing it under the typical Congressional appropriations process.
House committee queries recent lack of restitution
The House Financial Services Committee has sent a letter to Kathy Kraninger, director of the Consumer Financial Protection Bureau, requesting additional information on recent enforcement actions that resulted in no restitution to consumers.
CFPB reaches settlement with offshore lenders
The Consumer Financial Protection Bureau has entered into a proposed settlement with a group of corporate and individual defendants over violations of state interest rate caps and other consumer financial protection laws.
Payday lender Cash Tyme settles with CFPB
The Consumer Financial Protection Bureau has settled with Cash Tyme, a payday retail lender, over consumer financial protection and other violations.
CFPB fines payday lender Enova
Enova International, Inc., a publicly-traded, online lender that markets payday and installment loans, announced this week that it has reached an agreement with the Consumer Financial Protection Bureau to address payment processing issues.
CFPB announces slate of new leadership
Consumer Financial Protection Bureau Director Kathleen Kraninger announced leadership changes within the bureau, including a policy associate for external affairs.
CFPB issues two reports concerning mortgage rules
Earlier this month, the Consumer Financial Protection Bureau published two reports assessing the effectiveness of its Ability to Repay and Qualified Mortgage Rule and its mortgage servicing rule.
Kraninger asks for explicit MLA enforcement authority
Consumer Financial Protection Bureau Director Kathleen Kraninger has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act.
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