CFPB launches task force to identify gaps in consumer finance law
CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law. ... Read full article
CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law. ... Read full article
The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau. ... Read full article
The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence. ... Read full article
By declaring that she has too much statutory power, the agency’s director has potentially opened a floodgate of litigation. ... Read full article
House Republicans are pushing the CFPB to continue to allow banks and credit unions to estimate exchange rates and fees for money transfers. ... Read full article
Industry groups are calling on the consumer bureau to eliminate the debt-to-income limit for “qualified mortgages” and provide a short-term extension of special treatment for Fannie- and Freddie-backed loans. ... Read full article
If the court agrees to hear the case, its conservative majority could make it easier for a president to fire a CFPB director, though other outcomes are possible. ... Read full article
The consumer agency is investigating Bank of America over “potentially unauthorized” accounts; why fintech rollouts are magnets for fraud; KeyCorp’s Beth Mooney to retire next year; and more from this week’s most-read stories. ... Read full article
Readers react to plans by Democratic presidential candidates to reform college tuition, credit unions buying more banks, whether the next president could fire the CFPB head and more. ... Read full article
There were signs Kathy Kraninger would continue a rollback of consent orders and investigations, but many observers see an aggressive approach reminiscent of the Obama era. ... Read full article
The agency put to rest speculation that it might take the database offline, yet new disclosure statements are meant to combat the notion that a complaint proves a company’s guilt. ... Read full article
Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules. ... Read full article
The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure. ... Read full article
During a probe that grew out of the Wells Fargo scandal, the Charlotte-based bank has acknowledged instances of "potentially unauthorized" accounts, but said that the number of examples was "vanishingly small." ... Read full article
The Supreme Court may be closer to examining a key restraint on a president's ability to change CFPB leadership. ... Read full article
The bureau issued three policies removing the threat of legal liability for approved companies that test new products. ... Read full article
Public orders are an effective way to discourage violations of consumer protection law, the bureau's director said at a credit union conference. ... Read full article
The event is the bureau's second in a series on consumer protection policy. The first dealt with the agency's authority to penalize firms for unfair, deceptive or abusive acts and practices. ... Read full article
Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect. ... Read full article
The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers. ... Read full article