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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.
The Consumer Financial Protection Bureau is once again casting its shadow over an industry where its jurisdiction may be questionable.
Some 25 percent of the Consumer Financial Protection Bureau’s African-American, Asian and female employees reported continued discrimination at the bureau, according to the Government Accountability Office.
The Consumer Financial Protection Bureau has launched a public relations campaign, seemingly in the wake of some recent bad publicity.
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.
Complaints about credit reporting were highlighted in the latest in a series of complaint snapshots from the Consumer Financial Protection Bureau.
Over the past year, the Consumer Financial Protection Bureau has entered into several consent orders with major players in the financial services industry.
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.
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
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