RSSCFPB should have more authority over credit reporting, GAO says
The Consumer Financial Protection Bureau should take greater efforts to regulate credit reporting agencies, according to a recent report from the Government Accountability Office.
Category Archives: News
CFPB issues annual Fair Debt Collection Act report
The Consumer Financial Protection Bureau has issued its annual report on its administration of the Fair Debt Collection Act.
2020 proposed budget would alter CFPB funding
The 2020 fiscal year federal budget proposed by the Trump Administration earlier this month would alter the funding structure of the Consumer Financial Protection Bureau, bringing it under the typical Congressional appropriations process.
CFPB releases latest supervisory highlights report
The Consumer Financial Protection Bureau this week released the latest edition of its supervisory highlights report. The findings included in the report cover examinations in the areas of automobile loan servicing, deposits, mortgage servicing, and remittances.
CFPB issues report on financial elder abuse
Last week, the Consumer Financial Protection Bureau issued a report on the issues and trends revealed by reports of suspicious activity relating to elder financial exploitation.
CFPB 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.
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.
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