CFPB

CFPB, Education Dept. sign MOU on student loan complaints

02/03/20

The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.

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Tearing up CFPB’s mortgage underwriting rule is the easy part

02/02/20

Now that the Consumer Financial Protection Bureau says it will scrap an unpopular standard for so-called qualified mortgages, the big question is what will take its place.

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OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week

02/01/20

Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.

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CFPB sues Citizens over card fraud claims, but bank pledges to fight

01/30/20

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action.

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CFPB's hiring of former DOJ official could raise ire of Capitol Hill

01/30/20

The agency has named Thomas G. Ward as the bureau’s assistant director for enforcement. House Democrats have questioned Ward's role as a political appointee in the Trump administration.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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House panel to discuss 'rent-a-bank' concerns in two February hearings

01/29/20

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

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House nears passage of bills to overhaul credit reporting

01/28/20

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

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5 policy hurdles thwarting federal regulators’ fintech ambitions

01/27/20

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology.

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CFPB at long last defines enigmatic ‘abusive’ standard

01/24/20

In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance.

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