News – Page 43 – CFPB Journal

CFPB notes its accomplishment at its 5-year anniversary

The bureau touted its accomplishments in its first five years in a video, but its report card is not unblemished.

More legal challenges to the CFPB

A third-party payment processor has filed a motion in federal court asking a judge to dismiss a June 2016 Consumer Financial Protection Bureau lawsuit.

Congressional Democrats back CFPB arbitration rule

More than 100 congressional Democrats have sent two letters to the Consumer Financial Protection Bureau in support of its proposed ban on mandatory arbitration clauses in contracts.

CFPB Proposes Significant New Debt Collection Rules

The proposed rules, which only apply to third-party collectors, would be the most significant changes to the industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago.

TRID amendments to ‘clarify’ CFPB rule

The proposed amendments to the CFPB’s “Know Before You Owe” rule are intended “to formalize guidance in the rule and provide greater clarity and certainty,” the bureau said.

CFPB goes after loan originator

The move is drawing industry scrutiny because the order targets an individual rather than a company, as well as for its broad interpretation of RESPA.

A closer look at the CFPB civil investigative demand

Although subpoenas, hearings and litigation are familiar terms, the concept of a “civil investigative demand” is not. Considering the CFPB’s increasing use of CID, the concept is worth a closer look.

Cordray’s irregular appointment still causing CFPB trouble

The troubled appointment of Richard Cordray as Director of the Consumer Financial Protection Bureau four years ago continues to be a thorn in the side of the agency

CFPB as political launching pad?

With Democratic presidential candidate Hillary Clinton poised to choose her November running mate, the past two weeks have seen both the founding force and the current Director of the Consumer Financial Protection Bureau mentioned as possibilities.

Another bank settles with CFPB and DOJ

BancorpSouth, announced this week that it has entered into a consent order with the Department of Justice and the Consumer Financial Protection Bureau pursuant to alleged violations of the Fair Housing Act and Equal Credit Opportunity Act.