CFPB

CFPB fines Experian $3M, alleges consumer deception

03/23/17

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

[more]

CFPB's prepaid card rule could open the door to rampant fraud

03/23/17

Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards.

[more]

Regulators keep eye on sales incentives, exam issues

03/21/17

During a panel discussion Tuesday, regulators said they are trying not to crack down too hard on sales incentive programs and fix problems that bankers have identified with the exam system.

[more]

Judge dismisses CFPB case against payment processor

03/17/17

A district court judge on Friday dealt a blow to the Consumer Financial Protection Bureau by saying the agency failed to present enough facts in its case against Intercept Corp.

[more]

Justice Department turns against CFPB in constitutionality case

03/17/17

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.

[more]

CFPB fines Nationstar $1.75M for HMDA violations

03/15/17

Nationstar Mortgage agreed on Wednesday to pay $1.75 million to the Consumer Financial Protection Bureau for failing to accurately report home mortgage data that is used to identify discrimination.

[more]

Bankers renew push to give Qualified Mortgage status to portfolio loans

03/13/17

Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's "Qualified Mortgage" rule.

[more]

CFPB delays implementation of final prepaid rule, citing complaints

03/09/17

The Consumer Financial Protection Bureau said Thursday that it will delay the effective date of its final rule on prepaid cards by six months because industry participants need more time to comply.

[more]

Trump discussed Cordray's future in community bank meeting

03/09/17

In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.

[more]

Banks, consumer groups agree: screen scraping needs better regs

03/08/17

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' behalf.

[more]