News – Page 28 – CFPB Journal

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 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.

Lack of internet determines credit invisibility, bureau says

An inability to access the internet rather than proximity to a bank branch is a better indicator of credit invisibility, according to a report from the Consumer Financial Protection Bureau.

CFPB files first enforcement lawsuit under Mulvaney

Though the bureau has continued its enforcement activities via settlements and consent orders in recent months, this action against Future Income Payments is the first time under Mulvaney’s leadership that a regulated entity has been sued.

Office of Innovation launches disclosure sandbox

A new division of the Consumer Financial Protection Bureau is expanding its efforts to promote safe tinkering for revamped disclosures.

CFPB issues first overall report under Mulvaney

The report is the first one issued with CFPB Interim Director Mick Mulvaney at the helm, and largely follows formats and standards laid out during Richard Cordray’s tenure at the Consumer Financial Protection Bureau.

Federal court upholds CFPB investigative demand

A federal court in Pennsylvania recently denied a petition from a student loan servicer, Heartland Campus Solutions, for a stay of a civil investigative demand from the Consumer Financial Protection Bureau.