News Topic: Consumer Financial Protection Bureau

The headlines look pretty bad:  the DC Circuit Court of Appeals held the CFPB's structure to be unconstitutional in a case call PHH v. CFPB, which deals with kickbacks in captive private mortgage reinsurance arrangements allegedly in violation of the ... Read full article

It doesn't take a genius to figure out that incentive-based compensation like the type featured in Wells Fargo's current and previous consent orders has the potential to encourage fraud and steering of consumers into inappropriate products in ... Read full article

The Consumer Financial Protection Bureau's consumer complaint database has contained narratives for over a year now. Each month, the CFPB publishes a report that summarizes the complaints received over the previous three months, and that focuses on a ... Read full article

I'm testifying before House Financial Services tomorrow regarding the "CHOICE Act," the Republican Dodd-Frank alternative.  My testimony is here . ... Read full article

The CFPB has a new report out on auto title lending , and the findings are jaw-dropping. If ever there was a consumer financial product that looks like an exploding toaster , it is an auto title loan.  Default rates on auto title loans are one in three, ... Read full article

As has been expected for some time , the Consumer Financial Protection Bureau has issued a proposed rule that would prohibit companies providing consumer financial services from ... Read full article

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Steve Davidoff Solomon has a Dealbook column on the CFPB's attempts to regulate auto lending that unfortunately gives the wrong impression about what the agency is up to, but which does tee up a really interesting question about the agency's ... Read full article

So the New York Times has just finished a three-part series on arbitration . ... Read full article

A regular trope sounded by opponents of consumer financial regulations is that the regulations have resulted in the disappearance of free checking. ... Read full article

My thoughts on the issue at The American Banker .  Short version: the possibility of a GOP presidential victory in 2016 isn't a good argument for changing the CFPB to a commission structure.  ... Read full article

Are bigger payday and title lending companies better for low-income borrowers than smaller companies? Jim Hawkins (Houston Law Center) takes up that question in a new article which reports the results of his study of the advertisements of payday and title ... Read full article

I've got an op-ed in the American Banker about the CFPB's data collection, which has become the latest inside-the-Beltway attack on the CFPB.   ... Read full article

Nice piece in Time Magazine on the CFPB here .  ... Read full article

Here's an opportunity to supervise a consumer financial protection clinic that has done some great work - information on the position and how to apply here .  ... Read full article

I'm testifying tomorrow before Senate Judiciary Committee's Subcommittee on The Constitution (yes, that's the official capitalization), about the constitutionality of the Dodd-Frank Act.   Short version: nothing to see here folks. Slightly ... Read full article

Yesterday, Judge Amy Totenberg of the Northern District of Georgia issued a very cogent 70-page opinion in the case of the CFPB v. Frederick Hanna & Associates , a large collection law firm with offices in Georgia, Florida, and South Carolina. The ... Read full article

Yesterday the Consumer Financial Protection Bureau (CFPB) went live with its consumer complaint database , publishing over 7,700 consumer narratives detailing problems they have faced with banks, debt collectors, and other creditors. ... Read full article