News – Page 31 – CFPB Journal

CFPB symposium: How to implement UDAAP?

The Consumer Financial Protection Bureau recently held the first of a series of planned symposia on various regulatory themes, including a panel on how to practically implement the abusive standard.

UDAAP symposium: What does ‘abusive’ mean?

The Consumer Financial Protection Bureau this week held the first of a series of planned symposia on various regulatory themes. The first topic addressed was “unfair, deceptive, or abusive acts or practices”.

Democrats object over CFPB staffer’s track record

Sen. Elizabeth Warren (D-Mass.) and several other Democrats have objected to a recent hire at the Consumer Financial Protection Bureau over his past employment.

CFPB settles with student loan company of for-profit college

The Consumer Financial Protection Bureau has settled with Student CU Connect CUSO, LLC, a company set up to hold and manage private loans for students at the for-profit ITT Technical Institute.

CFPB enters into consent order with Freedom Mortgage

The Consumer Financial Protection Bureau announced a consent order with Freedom Home Mortgage Corporation. The enforcement action follows an investigation of errors in reporting on mortgage transactions.

CFPB settles with servicer over TILA, RESPA violations

The Consumer Financial Protection Bureau has settled with BSI Financial Services, a mortgage servicer headquartered in Irving, Texas.

House passes Waters’ CFPB bill

Rep. Maxine Waters (D-Calif.)

The U.S. House has passed a bill authored by Rep. Maxine Waters (D-Calif.) aimed at undoing many of the changes made at the Consumer Financial Protection Bureau by former acting director Mick Mulvaney.

CFPB sues New York firm over debt collection violations

The Consumer Financial Protection Bureau today filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt-collection law firm.

Kraninger names deputy director, COO

Kate Fulton

Brian Johnson was named deputy director of the Consumer Financial Protection Bureau yesterday. Kate Fulton will serve as chief operating officer, and Director Kathy Kraninger announced several other new hires.

CFPB settles with student loan servicer

CES agreed to pay a fine of $3.9 million for irregularities in its business operations as well as adjust the principal balances of the affected loans and make restitution to borrowers who paid off loans with an incorrect balance.