UDAAP

California’s ‘mini-CFPB’ plan is back in play. Banks aren’t happy.

08/14/20

A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it.

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Auto title lender slammed by CFPB order over finance charges

06/02/20

The consumer bureau said Approved Cash Advance improperly collected amounts that were five times higher the legitimate fee schedule disclosed to borrowers.

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CFPB settlement would bar lender from doing business in 17 states

02/06/20

Think Finance, which had teamed with tribal lenders to offer high interest installment loans, could no longer make or collect on loans in states that have caps on interest rates, under terms of a proposed settlement with the Consumer Financial Protection Bureau.

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CFPB at long last defines enigmatic ‘abusive’ standard

01/24/20

In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance.

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CFPB can do better by fintechs than a 'policy tool'

11/04/19

It should offer some form of guidance to spur innovation, a former official with the bureau says.

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CFPB investigating Bank of America over phony accounts

09/17/19

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."

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Let’s put some perspective around the small-dollar loan debate

08/30/19

The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers.

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Consumer groups to CFPB: Implement payday rule

08/12/19

Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.

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CFPB to kick off symposium series with forum on 'abusive' standard

06/11/19

The agency announced the series in April as an effort to encourage public dialogue on policy issues.

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25 attorneys general oppose CFPB's payday rule revamp

05/17/19

The AGs say the agency's plan to rescind ability-to-repay requirements for payday loans would undermine states' ability to enforce their own laws.

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