RSSCFPB drops lawsuit against payday lender
Under former director Richard Cordray, the bureau had originally sought a permanent injunction on the business activities of Golden Valley Lending and three other payday lenders last year.
Category Archives: News
CFPB asks for input on external engagement
The bureau is seeking comments and information from interested parties on “ways to engage the public and receive feedback on the work of the agency.”
Latest RFI to look at supervision processes
The request for information on supervision processes is the fourth in what looks to be a lengthy list of reviews from the Consumer Financial Protection Bureau.
CFPB seeks feedback on regulatory process
The request for information specifically calls for suggestions on “burden reduction” in its enforcement of federal consumer laws, while still fulfilling the bureau’s statutory function and commitment to transparency.
Mulvaney appoints chief of staff
Kirsten Sutton Mork was serving as staff director of the House Financial Services Committee under Chairman Jeb Hensarling (R-Texas) prior to being appointed by CFPB acting director Mick Mulvaney.
On appeal, court upholds constitutionality of CFPB’s structure
A three-judge panel had previously sided with PHH Mortgage in its suit against the Consumer Financial Protection Bureau, declaring its structure unconstitutional and vacating its $103 million fine.
CFPB finalizes prepaid accounts rule
The changes adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets as well as delaying implementation until April 2019.
Court denies CFPB suit for restitution against lender
The bureau was seeking penalties and restitution from CashCall, Inc., for violating the Consumer Financial Protection Act and the Dodd-Frank Act’s prohibition on “unfair, deceptive, and abusive acts and practices.”
CFPB to reconsider payday lending rule
Mick Mulvaney
The Consumer Financial Protection Bureau will reconsider its recently issued and highly controversial payday lending rule, it said in a statement issued today.
Warren objects to CFPB suspension of personal data collection
Sen. Elizabeth Warren (D-Mass.)
New director Mick Mulvaney has suspended the bureau’s collection of personal identifying information when taking consumer complaints, and Sen. Elizabeth Warren (D-Mass.) is not happy with the move.
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