News – Page 47 – CFPB Journal

Audit requires CFPB to take better care of consumer information

An independent audit of the Consumer Financial Protection Bureau shows it needs to update information privacy policies and procedures to better protect consumers.

PHH challenges CFPB enforcement action

A court date of April 12 has been set for the next stage in a legal challenge to the Consumer Financial Protection Bureau’s enforcement power.

CFPB prepares to “enhance” small business lending

On Dec. 23, the CFPB closed the application period for an assistant director, small business lending markets, a job paying up to $275,000 for identifying opportunities to “enhance fairness, transparency and functioning” of small business lending markets.

Serious concerns raised over CFPB data collection

The bureau has been working to acquire various data related to loans, bank accounts, debt repayment and other transactions in an effort to learn more about trends and issues that affect Americans.

CFPB highlights money transfer issues

The latest monthly complaint snapshot from the Consumer Financial Protection Bureau focuses on money transfer issues and complaints from Georgia consumers.

CFPB as cudgel: Unions file complaint against T-Mobile

Change to Win, a union federation, has asked the CoFPB to investigate wireless carrier T-Mobile for “misleading advertisements and abusive debt collection practices” related to its no-contract cell phone service.

Emails reveal cozy relationship between CFPB and Non-Profit

Last month, Politico reported that the recently proposed payday lending regulations by the CFPB had been written in close communication with a consumer advocate non-profit.

CFPB sues law firm over debt collection lawsuits

Attorneys and law firms are keeping an eye on a case currently working its way through federal court in Georgia. In the case the CFPB used its authority to sue a law firm that filed legal documents in support of a debt collection agency.

Issues found with CFPB complaint database

A recent article in American Banker highlights continuing problems with the complaint database maintained by the Consumer Financial Protection Bureau. The

Scholars shed light on payday loan debate

A recent article published on the blog for the Federal Reserve Bank of New York evaluates the various objections raised by the CFPB and others seeking to heavily regulate or even outlaw short term, high interest payday loans.