News Topic: Enforcement
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Two senior CFPB enforcement officials to leave the agency
Banks, crypto exchanges would report client transactions under tax plan
Debt-relief firm agrees to pay $5.4M in restitution to consumers: CFPB
Don’t be scared of the ‘S’ word
Umpqua Bank fined $1.8 million over leasing unit's collection practices
Do Wells Fargo, U.S. Bancorp investigations signal a new era at CFPB?
Richard Cordray's return is a warning sign for student lenders
SEC enforcement chief Alex Oh resigns days after taking job
CFPB appeals Ocwen's victory in servicing suit
CFPB sets stage for more enforcement. But what's the script?
CFPB 'racial equity' effort risks overreach
Sherrod Brown seeks answers from banks linked to Archegos
CFPB poised to reinstate tough stance on payday lenders
A recent statement by acting Director Dave Uejio is the clearest signal that the agency plans to revive strong underwriting standards that the Trump administration eliminated. ]] ... Read full article
CFPB rescinds Trump-era policy defining 'abusive' conduct
The agency's new leadership, which has already unwound numerous actions from the prior administration, said the January 2020 guidance implementing criteria for punishing firms that mistreat customers was “inconsistent with the bureau’s duty to enforce ... Read full article
Biden's CFPB nominee puts loan servicers, credit bureaus on notice
Rohit Chopra, President Biden's pick to lead the Consumer Financial Protection Bureau, told a Senate panel he would do more to protect veterans from foreclosure, empower consumers to dispute data on their credit records and crack down on student-loan ... Read full article
CFPB pick’s past statements set stage for testy confirmation hearing
Rohit Chopra, President Biden’s nominee to lead the Consumer Financial Protection Bureau, has not minced words in calling out private companies for wrongdoing. He could get a grilling from Banking Committee Republicans and some opposition on the Senate ... Read full article
Virginia company tricked immigrants into paying illegal fees, CFPB says
Libre by Nexus deceived detainees into believing they owed a monthly charge related to their proceedings before U.S. Immigration and Customs Enforcement, according to a lawsuit filed by the consumer bureau and three states. ... Read full article
CFPB goes on hiring spree as it looks to ramp up enforcement
The agency is recruiting more attorneys and shuffling personnel under new Democratic leadership as it prepares to toughen oversight of the financial services industry. ... Read full article
Acting CFPB chief signals tougher stance against redlining
After the agency pulled back on fair-lending enforcement in the Trump administration, interim Director Dave Uejio has made clear his intent to use the “disparate impact” standard to launch more anti-discrimination probes. ... Read full article