Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The federal consumer financial protection bureau will join with the Colorado attorney general Dec. 2 in offering joint, virtual “office hours” which the two groups said they hope will be beneficial to financial innovators. In […]
A non-bank, Illinois-based debt collector that specializes in collecting debt on behalf of telecommunications companies and furnishes information to consumer reporting agencies (CRAs) was assessed a $500,000 civil money penalty over findings that it violated […]
A review of information furnishing to consumer credit reporting agencies over the past eight years shows a steady increase in actual payment furnishing for installment loan products but a significant decline in such information furnishing […]
The former deputy director of the federal consumer financial protection agency, and the former chair of the federal regulatory agency for commodities markets, are both listed as leads for “agency review teams” that will aid […]
A report looking at debt delinquencies of young servicemembers leaving active duty show credit defaults and other “derogatories” are more likely to occur in the six months after separation for those who served at least […]
While probably not at the top of the list of priorities for the apparent winner of the 2020 president election, his new administration will have decisions to make about who leads, or serves on the […]
A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]
The consumer financial protection agency will take comments until Feb. 4 on its advance notice of proposed rulemaking (ANPR) on consumer access to financial records, according to a notice published Friday in the Federal Register. […]
A “no action letter” (NAL) giving Bank of America supervisory cover for its planned approach to small-dollar lending was granted Thursday, according to a release by the consumer financial protection agency. The Consumer Financial Protection […]
Deceptive acts or practices in taking deposits from and offering credit to consumers – allegedly at interest rates nearing 1000% – has earned a Florida company and its chief executive a lawsuit by the federal […]
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