News Topic: CFPB

Elizabeth Warren, Sheila Bair and other regulatory hawks at a D.C. event hailed the reforms enacted in the wake of the 2008 crisis. ... Read full article

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way. ... Read full article

The bank also agreed to pay a $5 million fine to settle allegations that it overcharged consumers between 2010 and 2013. ... Read full article

The federal bank regulators are considering roughly a dozen new rulemakings in response to the bill rolling back certain sections of Dodd-Frank. ... Read full article

The agency’s consumer complaints database must remain available to the public to help prevent further abuses. ... Read full article

Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services. ... Read full article

Readers weigh in on the Federal Housing Finance Agency's leadership structure, react to a recent data-sharing debate, opine on whether banks should let consumers use their credit cards to buy bitcoin and more. ... Read full article

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must submit resolution plans to every two years. ... Read full article

The bank had numerous warnings that there could be severe regulatory consequences related to deceptively advertised add-on products. It is paying the price for failing to do more in response. ... Read full article

The nominee to run the consumer bureau endured tough questioning over the administration’s family-separation policy but appeared to weather the barrage. ... Read full article

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law. ... Read full article

The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system. ... Read full article

Kathy Kraninger, President Trump’s pick to run the CFPB, will testify before Congress on Thursday in what is likely to be a defining moment for her nomination. ... Read full article

Paul Watkins served as chief counsel for the Arizona AG's 150-person civil litigation division and also headed up the office's fintech initiatives. ... Read full article

Just before members were removed from the consumer advisory board last month, acting Director Mick Mulvaney signed an amended charter that would shrink the panel to six members. ... Read full article

With ruling in GSE case, the two agencies are emerging as the test subjects for a legal showdown over their authority. ... Read full article

Members of the panel and two other advisory boards were all terminated in June and told they could not reapply for their positions. ... Read full article

The CFPB said National Credit Adjusters had hired third-party collectors that routinely inflated the amounts that customers owed. ... Read full article