News – Page 50 – CFPB Journal

Scholars question CFPB’s arbitration study

On March 10, the Consumer Financial Protection Bureau published a study that was critical of arbitration clauses as a consumer tool for disputes with lenders and servicers.

CFPB sues two pension loan companies

The Consumer Financial Protection Bureau filed a lawsuit in federal court this week against two companies that offered consumers pension loans.

Citizens Bank fined by CFPB

This week the Consumer Financial Protection Bureau levied a significant fine on Citizens Bank for mishandling discrepancies in customer deposits.

Electronic mortgage closings may help consumers, CFPB says

The use of eClosing platforms may help customer comprehension and efficiency during mortgage closings, according to a report from the Consumer Financial Protection Bureau.

CFPB takes action against payment processor, mortgage servicer

The Consumer Financial Protection Bureau has issued enforcement actions against Paymap, Inc., and Loancare Servicing for deceptive advertising for a mortgage payment program.

Fuchs named CFPB’s acting deputy director

On July 22, the CFPB announced that Meredith Fuchs will serve as acting deputy director after Deputy Director Steve Antonakes departs the agency at the end of July.

Honda settles with CFPB over auto loan inequalities

Last week, the Consumer Financial Protection Bureau announced a $24 million settlement with Honda Motor Company.

CFPB launches monthly complaint highlight

The Consumer Financial Protection Bureau has launched the first of a series of monthly complaint profiles.

CFPB asserts jurisdiction over medical debt collectors

The Consumer Financial Protection Bureau recently announced a consent order with a medical debt collection company for mishandling consumer credit reporting disputes and preventing consumers from exercising their debt collection rights.

CFPB at the 5-year mark: Large and growing

While the CFPB’s success in fulfilling its mission is open to debate, it cannot be denied that the CFPB has been successful at growing.