News – Page 46 – CFPB Journal

Consumer narrative added to CFPB’s complaint database

The Consumer Financial Protection Bureau has gone ahead with its inclusion of a consumer narrative element in its complaint database.

National poll shows opposition to CFPB

Many Americans oppose ongoing efforts to restrict access to certain consumer financial products by the Consumer Protection Bureau, according to a poll conducted by the U.S. Consumer Coalition.

CFPB delays overhaul to key mortgage disclosures

On June 17, the CFPB announced it will delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1.

Federal Court refuses to rubber stamp CFPB’s Sprint settlement

The Consumer Financial Protection Bureau announced recently that a $50 million settlement with Sprint, the telecommunications giant, for alleged over-charging on cell phone accounts.

CFPB funds its first program from the Civil Penalty Fund

The Consumer Financial Protection Bureau has announced a new program entitled the Financial Coaching Initiative.

CFPB fines Regions Bank for overdraft violations

The Consumer Financial Protection Bureau has fined Regions Bank for charging customers for overdraft coverage they had not opted-in to receive.

PayPal fined for ‘abusive’ credit product

The Consumer Financial Protection Bureau has issued a consent order against PayPal for illegally enrolling consumers in its online credit product, PayPal Credit.

CFPB adds street repair to its jurisdiction

The Consumer Financial Protection Bureau last week announced another in a long line of consent orders issued in the name of consumer protection. This one, however, is unlike any others.

The CFPB and ‘Operation Choke Point’

Details continue to emerge about “Operation Choke Point,” a Justice Department program targeting businesses that it feels are at high risk for fraud.

Military allotment servicer to repay $3.1 million

Kentucky-based Fort Knox National Company and its subsidiary, Military Assistance Company, have been required by the Consumer Financial Protection Bureau to repay $3.1 million.