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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.
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.
The latest monthly complaint snapshot from the Consumer Financial Protection Bureau focuses on money transfer issues and complaints from Georgia consumers.
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.
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.
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.
A recent article in American Banker highlights continuing problems with the complaint database maintained by the Consumer Financial Protection Bureau. The
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.
The U.S. Federal Court of Appeals has halted a CFPB enforcement action against PHH Mortgage. PHH filed a motion for a “stay of final action” as part of its appeal of the $109 million enforcement ruling that found PHH took kickbacks from mortgage insurers.
The Consumer Financial Protection Bureau has penalized two of the largest employment background screening companies in the nation with fines and relief payments for allegedly reporting inaccurate information about job applicants.