CFPB

Best Banks to Work For, Comerica's scramble, pot banking: Top stories of the week

08/31/18

How the 'Best Banks to Work For' get employees to love their jobs; Comerica works to address fraud in prepaid benefits program; how to tell if you're banking a pot business; and more from this week's most-read stories.

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CFPB posts rule explaining how HMDA exemptions will work

08/31/18

The Consumer Financial Protection Bureau issued an interpretive rule Friday to clarify changes made to the Home Mortgage Disclosure Act that were mandated by President Trump's regulatory relief law.

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Why Quarles is a no go at FSB; Employee thrashes CFPB on his way out

08/28/18

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

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CFPB's student loan ombudsman resigns in scathing letter to Mulvaney

08/27/18

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

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Citi's AI bet, ATM attack, 'mini-CFPBs': Top stories of the week

08/24/18

Citigroup was so impressed with a test drive of AI software it invested in its maker; the FBI's warning of a cyberattack targeting ATMs came to pass — expect more to come; debating whether state AGs can serve as de facto CFPBs; and more from this week's most-read stories.

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Kraninger nomination advances; banks line up to lend to Saudi Arabia

08/24/18

The CFPB nominee wins approval from the Senate Banking Committee by a 13-12 vote; the country is looking to borrow $11 billion after Aramco IPO is delayed.

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Senate Banking advances CFPB nominee over Dem objections

08/23/18

The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions.

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It's past time to overhaul overdraft

08/23/18

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

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Moderate Dem says she will oppose CFPB nominee in committee vote

08/22/18

Sen. Heidi Heitkamp, D-N.D., has compromised with Republicans on key issues and supported other Trump nominees, but she said Kathy Kraninger lacks enough experience to run the consumer bureau.

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Can state AGs really serve as 'mini-CFPBs'?

08/20/18

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

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