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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.
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.
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.
The Consumer Financial Protection Bureau is seeking industry and consumer input on its sources of data and how data is used.
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.
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.
A new division of the Consumer Financial Protection Bureau is expanding its efforts to promote safe tinkering for revamped disclosures.
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.
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.
In his resignation letter, student loan ombudsman Seth Frotman alleged that current bureau leadership has “turned its back on young people and their financial futures.”