RSSNew chief of staff, others announced at CFPB
The bureau also announced a slew of other appointments, including chief information officer, chief financial officer and a pair of assistant directors.
Category Archives: News
Trump appointee could be trouble for the CFPB
The nomination of South Carolina Republican Congressman Mick Mulvaney as director of the Office of Management and Budget signals that federal regulations are likely to face tough scrutiny in the Trump administration.
Public interest firm sues CFPB over FOIA request
The request, filed by the Cause of Action Institute, sought access to CFPB files pertaining to its proposed arbitration rule.
Military Credit Services sued over loan disclosures
The Consumer Financial Protection Bureau today sued Military Credit Services, LLC $200,000 for making loans with “improper disclosures”.
CFPB forges ahead with CID subpoenas
The Consumer Financial Protection Bureau recently filed legal petitions against two financial companies seeking to force them to cooperate with administrative subpoenas known as “civil investigative demands”.
CFPB issues guidance for bank sales incentives
Incentives for employees and service providers to meet sales goals can lead to consumer harm if not properly managed, the Consumer Financial Protection Bureau said in new guidelines issued in the wake of fines recently levied against Wells Fargo.
Campaign donations reveal CFPB to be highly partisan
Employees at the bureau made more than 300 donations totaling nearly $50,000 to Democratic candidates. Not a single donation was given in support of a Republican or conservative candidate.
CFPB requests en banc rehearing in PHH case
Last week, as expected, the CFPB filed a petition requesting another hearing of the case by the full court, or en banc. In the petition, the bureau claims the panel’s ruling “set up what may be the most important separation-of-powers case in a generation.”
CFPB sues over lead-poisoning settlements
The Consumer Financial Protection Bureau filed a complaint in federal district court against Access Funding, LLC, for deceiving victims of lead-paint poisoning into signing away future settlement payments in exchange for a significantly lower lump-sum payout.
CFPB proposes rule to streamline consumer data sharing
The Consumer Financial Protection Bureau launched a public inquiry into the growing array of services that share consumer data, many of which use bank and credit-card account records to offer low-cost mortgage and consumer loans, as well as tax-preparation tools.
More articles: