Richard Cordray

Why CFPB payday revamp is an even bigger deal than you think

03/29/19

The proposed rollback of underwriting requirements for small-dollar lenders could redefine a legal doctrine that governs rules affecting other companies as well.

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California lawmaker considers statewide CFPB

03/27/19

Assemblywoman Monique Limon is in the “early stages” of exploring how to create a state-level Consumer Financial Protection Bureau as part of a broader push for more consumer protection for state residents.

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Payday lenders get unexpected reprieve from CFPB rule

03/22/19

The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.

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CFPB’s Kraninger grilled over payday, military lending

03/12/19

The bureau's director, Kathy Kraninger, faced a barrage of criticism from Senate Democrats on the agency's lack of enforcement actions, a reversal on Military Lending Act examinations and changes to the payday loans rule.

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CFPB’s payday rule rollback sows confusion

03/04/19

The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.

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'The distorted lens of one's ideology': Comments of the week

01/25/19

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more.

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One study, two vastly different visions for CFPB payday rules

01/23/19

When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders.

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‘I am very excited to be here’: Kraninger signals new tone atop CFPB

12/11/18

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

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CFPB walks tightrope in effort to define ‘abusive’ practices

11/11/18

Regulators typically write rules before applying them. But the CFPB is attempting the reverse.

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Midterms for bankers: Live results of key election battles

11/06/18

Several Senate, House and gubernatorial battles are of interest to financial firms. Here is a spotlight on specific contests, with updates as they become available.

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