Enforcement actions

Senate Dems urge CFPB watchdog to investigate restitution practices

01/14/20

In a letter to the agency's inspector general, the 15 lawmakers pointed to specific cases where they said the bureau departed from legal standards in deciding not to require restitution.

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Supreme Court battle, presidential race loom over CFPB in 2020

12/23/19

The Consumer Financial Protection Bureau faces a busy policy agenda heading into the new year, as well as strong external forces that are beyond its control.

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Waters will call Wells Fargo's board members to testify in 2020

12/19/19

House Financial Services Committee Chairwoman Maxine Waters said oversight of the bank will be a focus for the panel next year.

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Warren, Brown call on GAO to investigate CFPB's fair lending oversight

12/18/19

The two Democrats sent a letter “raising grave concerns about whether the bureau is fulfilling its statutory obligations.”

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Where have all the CFPB fair-lending cases gone?

12/16/19

Despite assurances by Director Kathy Kraninger that the agency is cracking down on discrimination, the agency has not filed an enforcement action or sent a Department of Justice referral on a fair-lending violation in two years.

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California fines title lender, says its pricing violated state law

12/16/19

The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.

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OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule

12/13/19

The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.

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U.S. Bank, JPMorgan freed from BSA enforcement actions

12/12/19

The regulatory action from the Federal Reserve was one of two U.S. Bank received for its dealings with a payday lender who was later convicted of fraud.

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The Bancorp freed from Fed order tied to capital management

12/11/19

The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.

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Early-bird special: CFPB to reward firms that quickly fix violations

12/02/19

The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule.

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