Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
With the first due date coming this week, at least 200 comment letters have been logged so far in the federal consumer financial protection agency’s quest to elicit “evidence” on how the agency is doing […]
A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]
The budget process relative to policies and procedures is among the items outlined in the annual independent audit of the federal consumer financial protection agency, published Wednesday. Among the recommendations included in the document are […]
Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]
The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]
The acting director of the Consumer Financial Protection Bureau (CFPB) — who also serves as the White House budget director — told a House panel Wednesday he would have to leave the consumer agency post […]
Overdraft rules are not on the spring rulemaking agenda of the Consumer Financial Protection Bureau (CFPB), the bureau’s acting director, Mick Mulvaney, told lawmakers during Q&A in a House Financial Services Committee hearing Wednesday. Mulvaney, […]
Significant changes to the structure and mission of the federal consumer financial protection agency recommended by the agency’s acting director in House testimony Wednesday are his and not those of the White House or any […]
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