RSS
An internal report from the Consumer Financial Protection Bureau reveals dissatisfaction with the organization among employees as they reported instances of elitism, discrimination, favoritism, nepotism and a lack of accountability for supervisors and managers.
The Consumer Financial Protection Bureau has selected nine community bankers to advise and consult with the bureau on a variety of consumer financial issues.
The Consumer Financial Protection Bureau has finalized revisions to its international money remittances rule which will extend an exemption for certain remittances.
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.
The Financial Services Roundtable has accused the Consumer Financial Protection Bureau of possibly spreading inaccurate information through its consumer complaint database.
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.
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 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.
The Consumer Financial Protection Bureau has issue a proposed rule expanding the collection of information required under the Home Mortgage Disclosure Act.
The Consumer Financial Protection Bureau will now begin accepting consumer complaints about prepaid cards and other nonbank products, the bureau announced earlier this week.