RSSCFPB reform bill introduced in House
House Financial Services Committee Chairman Jeb Hensarling has presented the outlines of a reform bill designed to make fundamental changes to the Dodd-Frank Act.
Category Archives: News
Credit reporting, New Mexico consumers featured in latest complaint snapshot
Complaints about credit reporting were highlighted in the latest in a series of complaint snapshots from the Consumer Financial Protection Bureau.
Divining data requirements from recent CFPB consent orders
Over the past year, the Consumer Financial Protection Bureau has entered into several consent orders with major players in the financial services industry.
Agencies issue guidance on deposit account discrepancies
Banks should avoid or reconcile, or resolve discrepancies between the amount they credit to a consumer’s account and how much was actually deposited, according to guidance issued by the CFPB and other regulatory agencies.
CFPB sues another payday lender
The Consumer Financial Protection Bureau last week filed a federal lawsuit against All American Check Cashing, a payday lender with dozens of locations in the south
New CFPB arbitration ban draws criticism
Last week, the CFPB announced a new rule banning arbitration clauses in consumer contracts for a variety of products and services, however many are concerned that now the only way into a courtroom is with a class-action lawsuit
CFPB bans arbitration agreements
The CFPB announced that it would use its authority under the Dodd-Frank Act to prohibit the use of mandatory arbitration clauses in contracts, alleging that these clauses “deny customers their day in court.”
CFPB takes action against debt collection mill
The Consumer Financial Protection Bureau entered into a consent order with a debt collection organization over questionable lawsuits.
Judge denies CFPB’s authority over accreditors
A federal judge struck a blow to the Consumer Financial Protection Bureau’s recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors approve for-profit colleges.
Federal Court pummels CFPB in hearing
On April 12, the Consumer Financial Protection Bureau was in federal court defending its governance structure against a lawsuit filed by PHH Mortgage pursuant to a penalty levied by the Bureau last year. If the initial interrogatories and oral arguments are any indication, the CFPB may face a significant restructuring.
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