CFPB

'Gov. Cordray'? Ohio bankers hedge their bets

10/05/17

While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.

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CFPB gives more time to reach troubled borrowers in servicer rule revision

10/04/17

The Consumer Financial Protection Bureau said Wednesday that it would give mortgage servicers more time to notify distressed borrowers who have asked not to be contacted about the collection of their debts.

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Small mortgage lenders seek exemption from CFPB exams

10/02/17

In a recent letter, two trade groups representing that industry lobbied Treasury Secretary Steven Mnuchin to support a bill that would give oversight of nonbank mortgage lenders exclusively to state regulators.

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'Too big to seriously punish': Comments of the week

10/02/17

Readers comment on the ripple effects of the Equifax breach, who benefits from the CFPB's final arbitration rule, gender-related issues in financial services, and more.

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ABA, banks sue CFPB to block rule; Equifax eyes clawbacks

10/02/17

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation.

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Ocwen settles servicing lawsuit with 10 states

09/29/17

Ocwen Financial reached a settlement with 10 states where it can't acquire servicing rights for eight months but it will not face any financial penalties.

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U.S. Chamber, banking groups sue over CFPB arbitration rule

09/29/17

The groups argue that the CFPB did not properly conduct a cost-benefit analysis of the rule banning mandatory arbitration agreements and that the final product will harm, not help, consumers.

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Fintech charter open to commercial firms: OCC's Noreika

09/28/17

Acting Comptroller of the Currency Keith Noreika affirmed Thursday that the agency’s fintech charter, if implemented, could be granted to commercial firms like Walmart or Google.

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House report on CFPB's Wells Fargo investigation is no smoking gun

09/28/17

The GOP inquiry appears aimed at providing more ammunition for potentially ousting Director Richard Cordray, but the report's impact may be limited.

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Democrats push CFPB's Cordray to move on overdraft rules

09/28/17

House Democrats are lobbying for a bill to reform the way banks charge overdraft fees, but recognizing that Republicans are unlikely to take up the legislation, they are hoping the CFPB can act on its own.

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