RSSCFPB settles with short-term lender
The Consumer Financial Protection Bureau has settled with Cottonwood Financial, Ltd., over a number of consumer protection violations.
Category Archives: News
CFPB responds to COVID-19
The Consumer Financial Protection Bureau announced a number of changes to help consumers and regulated businesses amid the fallout from the COVID-19 pandemic. It suspended several data collection requirements, tweaked its examination structure and joined other federal regulators in urging financial institutions to work with impacted customers.
Sen. Sherrod Brown wants agencies to halt non-COVID-19 rulemaking
A Senate democrat urged federal financial regulators to shelve rulemaking projects that aren’t related to the coronavirus pandemic, and suggested the agencies’ priority be protecting the financial system and mitigating economic fallout from the outbreak.
New report explores trends for first-time homebuyers
First-time homebuyers have consistently accounted for about half of all home purchase mortgages since 2002, according to a new report from the Consumer Financial Protection Bureau.
CFPB wants to pay whistleblowers
The Consumer Financial Protection Bureau is working on legislation to authorize payments to whistleblowers who report violations of Federal consumer financial law.
Fifth Third likely to be hit with suit over fake accounts
Cincinnati’s Fifth Third Bancorp is facing potential action from the Consumer Financial Protection Bureau over allegations it opened unauthorized accounts, according to Bloomberg Law.
CFPB, two states file suit against credit-offer brokers
The Consumer Financial Protection Bureau filed a lawsuit in federal district court in the District of South Carolina against Candy Kern-Fuller, Howard Sutter III, and Upstate Law Group LLC.
Report: CUs edge out banks in post-recession small business lending
While small business lending as a whole has increased since the Great Recession, fewer banks and thrifts are engaged in the market, according to a recent report from the Consumer Financial Protection Bureau.
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.
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