CFPB

Senate votes to block CFPB auto lending guidance

04/18/18

The Senate voted Wednesday to block guidance issued by the Consumer Financial Protection Bureau in 2013 that was meant to stop discriminatory markups on indirect loans made by car dealers.

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Repeal of CFPB rule could still leave car lenders on the hook

04/17/18

As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority.

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Scrapping CFPB auto lending rule would only lead to more discrimination

04/17/18

Lawmakers should not toss out an agency rule aimed at curbing auto dealer markups that adversely impact borrowers of color.

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Consumer groups oppose Senate repeal of CFPB auto lending rules

04/16/18

Sixty-four consumer groups are speaking out against a Senate measure, expected to be voted on this week, that would overturn the Consumer Financial Protection Bureau's 2013 regulation on discriminatory pricing by auto lenders.

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Wells Fargo's latest problems go beyond potential $1 billion fine

04/13/18

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries.

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‘High five, Mr. Mulvaney’: Comments of the week

04/13/18

Readers weigh in on the use of blockchain in property records, Mulvaney's efforts heading the Consumer Financial Protection Bureau, the need for financial standards in banking and more.

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With help from regulators, small-dollar loans can work for banks, borrowers

04/13/18

Regulators should revise existing rules to encourage banks to offer short-term loans to customers who run into financial emergencies.

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Payday loans, CFPB data collection and Warren face-off: Mulvaney's 2nd day on Hill

04/12/18

Acting CFPB Director Mick Mulvaney took heat from Democrats on whether he planned to take the agency's consumer complaint portal private while responding to Republican fears that its data collection activities pose a data security risk.

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Banks refusing gun industry business is 'troubling,' CFPB chief says

04/12/18

Opting out of doing business with the firearms industry is "troubling" behavior from banking institutions, said Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, during a hearing on Thursday.

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New twist in CFPB fight: Judges question Mulvaney’s dual role

04/12/18

A panel of judges remained skeptical of claims by Leandra English, deputy director of the Consumer Financial Protection Bureau, that she is the rightful head of the agency. But they didn’t sound convinced that current acting Director Mick Mulvaney is, either.

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