CFPB

Sens. Warren, Brown call on CFPB to suspend task force

02/05/20

In a letter to CFPB Director Kathy Kraninger, the Democratic senators argue that task force members cannot be trusted to protect consumers because they have represented payday lenders or Wall Street banks, or worked at law firms that do so.

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CFPB, Education Dept. sign MOU on student loan complaints

02/03/20

The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.

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Tearing up CFPB’s mortgage underwriting rule is the easy part

02/02/20

Now that the Consumer Financial Protection Bureau says it will scrap an unpopular standard for so-called qualified mortgages, the big question is what will take its place.

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OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week

02/01/20

Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.

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CFPB sues Citizens over card fraud claims, but bank pledges to fight

01/30/20

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action.

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CFPB's hiring of former DOJ official could raise ire of Capitol Hill

01/30/20

The agency has named Thomas G. Ward as the bureau’s assistant director for enforcement. House Democrats have questioned Ward's role as a political appointee in the Trump administration.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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House panel to discuss 'rent-a-bank' concerns in two February hearings

01/29/20

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

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House nears passage of bills to overhaul credit reporting

01/28/20

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

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5 policy hurdles thwarting federal regulators’ fintech ambitions

01/27/20

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology.

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