Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The federal consumer protection bureau imposed no civil money penalties against the $17 billion-asset State Farm Bank in a consent order filed to resolve previous violations of the Fair Credit Reporting Act (FCRA, Regulation V), […]
A federal court has been asked to impose monetary penalties – $268,869 in redress to consumers plus a civil money penalty (CMP) of $260,000 – against a Nevada-based nonbank mortgage company that reportedly misled veterans […]
The Senate on Thursday confirmed the nomination of Kathleen (“Kathy”) Kraninger to be the director of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB), paving the way for Kraninger’s installment at the […]
The outgoing, acting director of the federal consumer financial protection agency said Thursday he was not involved in the selection of his successor as permanent director, who was confirmed by the Senate the same day. […]
The first “no-action” letter issued by the federal consumer financial protection agency last year is listed as one of the highlights of the agency’s efforts in fair lending enforcement, according to a report dated Tuesday. […]
Changing the name of the federal consumer financial protection agency could impose costs of up to $300 million on the businesses that the agency regulates, according to a report published Monday. The Hill, a newspaper […]
Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]
A vote on the president’s nomination of Kathleen (“Kathy”) Kraninger to a permanent post as director of the consumer financial protection bureau cleared a procedural step Thursday and is on track for a Senate vote […]
Four information collections are up for renewal at the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB): consumer leasing disclosures, information retention under mortgage acts and practices rules, disclosures related to mortgage assistance […]
A mismatch in consumer complaint statuses, the agency’s name change and more are among the topics addressed in a report published online Thursday by the federal consumer financial protection agency’s ombudsman. In her “2018 Annual […]
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