CFPB

Democratic senators quiz CFPB on its auto lending policies

03/17/20

Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.

[more]

Bank regulators are open for business, but not business as usual

03/16/20

The agencies were up and running Monday but have taken steps to allow employees to work from home.

[more]

OCC did its part to secure customer data. Now it’s CFPB’s turn.

03/16/20

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

[more]

Coronavirus, U.S. Bank's opportunism, CFPB sues Fifth Third: Top stories of the week

03/13/20

From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.

[more]

CFPB official will be recused from agency's suit against Fifth Third

03/12/20

Acting Deputy Director Leonard Chanin formerly was a deputy general counsel at the Cincinnati bank that is now in the bureau's crosshairs for allegedly opening unauthorized accounts.

[more]

CFPB chief takes heat from Senate Dems for regulators' response to virus

03/10/20

Kathy Kraninger was grilled about whether her agency and others were doing enough to cushion consumers from the economic blow of the coronavirus crisis.

[more]

CFPB sues Fifth Third for allegedly opening phony accounts

03/09/20

The Consumer Financial Protection Bureau says the Cincinnati bank engaged in aggressive sales practices and open bank and credit card accounts without consumers' authorization in order to meet sales targets.

[more]

Regulators pledge assistance to banks affected by coronavirus

03/09/20

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners.

[more]

Democrats urge regulators to offer lenders more coronavirus guidance

03/09/20

Sen. Mark Warner led a group of Democratic senators in calling on bank, credit union and GSE regulators to give detailed instructions on helping consumer and commercial borrowers hurt by the COVID-19 outbreak.

[more]

When’s the last time a lawmaker needed a small-dollar loan?

03/09/20

Maybe Congress shouldn’t be so quick to change laws without real-world input.

[more]