RSS
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.”
The Consumer Financial Protection Bureau plans to alter the way it manages enforcement of financial products for military personnel, focusing on complaints received rather than preemptive exams.
The Consumer Financial Protection Bureau settled with the defendants in the Hydra Group payday lending lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.
The Consumer Financial Protection Bureau announced a collaboration with 11 financial regulators and related organizations to create the Global Financial Innovation Network.
Nearly three-quarters of Americans support the Dodd-Frank Act of 2010 which created the Consumer Financial Protection Bureau, according to a survey commissioned jointly by a pair of consumer advocacy organizations.
Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney announced this week two new initiatives designed to support innovation in the financial services industry.