News – Page 30 – CFPB Journal

CFPB settles with Security Group over improper collections

The Consumer Financial Protection Bureau announced a consent decree with Security Group, Inc., for improperly aggressive collections of consumer debts.

Federal judge rules CFPB structure unconstitutional

U.S. District Judge Loretta Preska objected to the structure of the Consumer Financial Protection Bureau. Specifically, she ruled that the agency’s single director, who can only be removed by the president for-cause, was unconstitutional.

CFPB drops lawsuit against PHH

The Consumer Financial Protection Bureau ended its long dispute with PHH by dropping its case against the mortgage lender, bringing a close to the regulatory saga.

Mulvaney dissolves consumer advisory board

After canceling multiple meetings with its consumer advisory board, the acting director of the Consumer Financial Protection bureau has dismissed all 25 CAB members, essentially dissolving the board.

Mulvaney skips advisory board meetings

The acting director of the Consumer Financial Protection Bureau has canceled multiple meetings with its consumer advisory board, causing statements of concern from some CAB members.

CFPB may shutter complaint database

The Consumer Financial Protection Bureau’s online database has been inactive since December, and Acting Director Mick Mulvaney doesn’t seem keen to reopen it.

Political wrangling likely to reignite as Mulvaney’s term ends

Acting Director Mick Mulvaney’s temporary term at the Consumer Financial Protection Bureau ends June 22, and President Donald Trump has yet to name his replacement.

Trump finalizes repeal of auto-loan guidance

On May 21, President Donald Trump signed a resolution which negates 2013 guidance on auto loans issued by the Consumer Financial Protection Bureau aimed at preventing discriminatory markups on indirect loans made by car dealers.

Student loan office latest to feel Mulvaney tweaks

CFPB Acting Director Mick Mulvaney is folding the Office of Students and Young Consumers into the Office of Financial Education, a move which swiftly drew the ire of high-ranking Democrats.

Jury sides with CFPB against Ohio law firm

The CFPB alleged that Weltman, Weinberg & Reis violated the Fair Debt Collection Practices Act and the Consumer Financial Protection Act in their correspondence with consumers.