News Topic: CFPB

The financial services industry has high hopes that President Trump will usher in a new era of less regulation and economic growth. Here are challenges his administration will face. ... Read full article

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services. ... Read full article

The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment ... Read full article

Navient Corp. was sued by a U.S. regulator over allegations that the student loan giant "systematically" cheated borrowers. ... Read full article

A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency. ... Read full article

Top Democrats vowed Tuesday to defend the Consumer Financial Protection Bureau, predicting Director Richard Cordray will file a lawsuit if he were fired by Donald Trump after he is sworn in as president. ... Read full article

Bankers are trying to stop the CFPB from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database. ... Read full article

A top Trump administration official said Thursday that the president-elect is considering former Rep. Randy Neugebauer to run the CFPB, the first clear sign that he intends to dismiss Richard Cordray. ... Read full article

Mary Lynn Lenz shares some insight on M&A challenges and turnaround success, Sallie Krawcheck says Wall Street diversity can't get worse and Ginni Rometty explains why IBM bought Promontory. ... Read full article

The Consumer Financial Protection Bureau on Wednesday warned about the risks of the online debt sales, alleging that sensitive personal and financial information is available in some instances to any visitor to a debt marketplace website. ... Read full article

House Democrats sent a letter Tuesday to President-elect Donald J. Trump, urging him to reject calls by Republicans to fire Richard Cordray. ... Read full article

Sen. Elizabeth Warren rallied progressives on Tuesday night to launch a campaign to defend the Consumer Financial Protection Bureau and the Dodd-Frank Act. ... Read full article

The first plenary session of NCBJ was Broken Bench Radio, a fast-paced discussion of hot topics in the form of a radio call-in show.   It covered insights from the Caesar's Entertainment case, upcoming Supreme Court decisions, recharacterization, ... Read full article

If you have never heard the term “debt buyer,” you might be amazed to learn that large companies exist solely for the purpose of buying and selling consumer debt. These companies buy and sell billions of dollars of debt. Some are part of public companies ... Read full article

The Consumer Financial Protection Bureau (a federal agency) has filed a lawsuit in federal ... Read full article

Student Loans: Legal Loan Sharking Student Loan Sharking. Harsh? NO! Outstanding student loans in this country have exceeded $1,000,000,000.00 (One Trillion Dollars). At least 15% of those loans are "private" loans, meaning not made by a ... Read full article