News – Page 52 – CFPB Journal

CFPB moves toward regulating checking account overdrafts

Last week, the Consumer Financial Protection Bureau issued a report studying the use of overdraft fees on checking accounts.

CFPB takes action against JPMorgan and Wells Fargo

The Consumer Financial Protection Bureau has filed a complaint against Wells Fargo and JPMorgan in relation to a referral arrangement the company had with a title company based in Maryland.

CFPB “rate checker” will create tension between lenders and consumers

A tool contained within the CFPB online mortgage tool kit will create friction between mortgage customers and banks.

Dubious research at the CFPB

A scathing article this week in Forbes offers a startling look at some dubious research practices used by the Consumer Financial Protection Bureau when investigating alleged discriminatory lending in the auto loan industry.

Consumers don’t compare mortgages, CFPB report finds

Nearly half of consumers don’t compare rates and other factors when choosing a mortgage, according to a report from the Consumer Financial Protection Bureau.

Credit Unions seek relief from new Congress

The National Association of Federal Credit Unions has submitted a letter to Congressional leaders outlining its top priorities for 2015. Among other things, the letter calls for relief from over-regulation by the Consumer Financial Protection Bureau.

The CFPB has misled consumers

The CFPB is chomping at the bit to paint itself as consumers’ financial avenger. Unfortunately, the CFPB’s marketing department is so interested in shaping the bureau’s image that it has started to leave fact behind.

CFPB fines debt-settlement firm

The Consumer Financial Protection Bureau has issued a consent order against debt-settlement firm Premier Consulting Group LLC for charging illegal fees.

Republicans likely to keep CFPB in the crosshairs

Mid-term election results promise to increase the pressure that the Republican party has been putting on the Consumer Financial Protection Bureau.

‘Buy Here, Pay Here’ auto dealer fined by CFPB

The Consumer Financial Protection Bureau took its first action ever against a car dealership last week. DriveTime Automotive Group Inc., an Arizona-based company that sells vehicles as well as originating and servicing auto loans, was the target.