RSSCFPB announces new community bank advisory council members
The Consumer Financial Protection Bureau has selected nine community bankers to advise and consult with the bureau on a variety of consumer financial issues.
Category Archives: News
CFPB extends money transfer rule exemption
The Consumer Financial Protection Bureau has finalized revisions to its international money remittances rule which will extend an exemption for certain remittances.
Auto finance company fined for distorting credit reports
First Investors Financial Services Group Inc., an auto finance company, has been fined $2.75 million for sending inaccurate information to credit reporting agencies by the Consumer Financial Protection Bureau.
Financial Services Roundtable objects to CFPB complaint portal
The Financial Services Roundtable has accused the Consumer Financial Protection Bureau of possibly spreading inaccurate information through its consumer complaint database.
Digital currency comes under CFPB scrutiny
Digital currencies may be up for regulation from the Consumer Financial Protection Bureau. The CFPB issued a consumer advisory on virtual currencies and announced that it will begin taking complaints on the currencies.
CFPB looks further into big bank overdraft products
The CFPB’s goal is not to remove overdraft protection from banks’ product menu. That was CFPB Director Richard Cordray’s message after the bureau’s released a new study on overdraft on July 31.
Payday lender fined $10 million by CFPB
Payday Lender Ace Cash Express has been ordered by the Consumer Financial Protection Bureau to pay $10 million in restitution and penalties for deceptive debt-collection practices.
Proposed HMDA rule would expand data collection
The Consumer Financial Protection Bureau has issue a proposed rule expanding the collection of information required under the Home Mortgage Disclosure Act.
CFPB will take complaints on nonbank products
The Consumer Financial Protection Bureau will now begin accepting consumer complaints about prepaid cards and other nonbank products, the bureau announced earlier this week.
CFPB to expand online complaint database
The Wall Street Journal reports that the Consumer Financial Protection Bureau has proposed expanding its online complaint system to capture more detailed narrative information from consumers
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