CFPB

Trump's Dodd-Frank dismantling; Deutsche Bank's mea culpa

02/03/17

President to sign executive order Friday to roll Dodd-Frank as battle lines form over various sections of the act; Deutsche Bank's John Cryan issues an "especially contrite" apology for the German bank's past mistakes.

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Court blocks Dem efforts to intervene in CFPB case

02/02/17

A federal appeals court on Thursday denied efforts by 16 Democratic attorneys general, several consumer groups and two Democratic lawmakers to defend the CFPB in a critical case.

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CFPB fines Mastercard, UniRush $13M for service failures

02/01/17

The Consumer Financial Protection Bureau on Wednesday ordered Mastercard and the prepaid debit card company UniRush to pay $13 million in restitution and fines for a service breakdown in October 2015 that left thousands of customers without access to their accounts.

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CFPB fines Prospect Mortgage $3.5M for alleged kickbacks

01/31/17

The Consumer Financial Protection Bureau hit Prospect Mortgage with a $3.5 million fine for illegally paying kickbacks to two real estate brokers and a mortgage servicer.

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PHH seeks to block state AGs from intervening in CFPB case

01/30/17

PHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau unconstitutional.

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CFPB sues law firms over alleged debt relief scam

01/30/17

The CFPB sued the attorneys and law firm that worked with now-bankrupt debt relief firm Morgan Drexen, alleging they continued a scam that charged millions in fees to thousands of consumers seeking debt relief.

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Democrats are spoiling for a fight over the CFPB

01/26/17

Democrats and progressive groups have drawn a line in the sand over Consumer Financial Protection Bureau Director Richard Cordray, hoping to capitalize on the successful march on Washington this past weekend to rally support for him and his agency.

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If Trump replaces Cordray at CFPB, what happens next?

01/26/17

A new director of the consumer bureau must focus on how a still-relatively-young agency matures while maintaining a positive consumer protection agenda.

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Uncertainty about CFPB shouldn’t hurt progress over data access

01/25/17

Regardless of what happens with the politically uncertain consumer bureau, consumer data access is an example of a CFPB issue that is apolitical.

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Chase reaches deal on passwords; Mnuchin on bank regulation

01/25/17

Bank customers will be able to check information on Mint, TurboTax and QuickBooks without sharing their JPM passwords; Treasury secretary nominee says regulation should account for bank "complexity and activity"

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