The Consumer Bankers Association (CBA) is throwing its support behind the Consumer Financial Protection Bureau (CFPB). In a statement released on Friday (July 8), Richard Hunt, president and chief executive officer of the CBA, remarked upon the recent approval of the House of Representative’s fiscal year...
The CFPB has taken steps to crack down on mortgage servicers that aren’t keeping their technology up to date and, as a result, may be harming consumers. According to the CFPB, these companies that have failed to implement new technology are in direct violation of the bureau’s new servicing...
In a move aimed at the head of the Consumer Financial Protection Bureau, Director Richard Cordray is now the target of a dedicated television advertising campaign that alleges he is gunning to run for office as Ohio’s governor, with an eye on bringing legislation about...
The Consumer Bankers Association said on Tuesday (June 14) that it stood in agreement with reforms unveiled by House Speaker Paul Ryan (R-WI) aimed at financial products and services. In a statement released by Richard Hunt, president and CEO of the association, the CBA “applauds...
While one might think an organization with the words “consumer protection” in the name would not have much of a PR mountain to climb, the Consumer Financial Protection Bureau has always been unique. Facing an increasing amount of criticism of late — not to mention...
The Consumer Bankers Association (CBA), a retail banking trade association, announced its support of the House Appropriations Committee’s fiscal year 2017 Financial Services and General Government Appropriations bill being passed. In a statement released on Thursday (June 9), CBA President and CEO Richard Hunt said:...
After mounting complaints from both banks and consumers about unauthorized withdrawals and other illicit activities, the accused payment processor is being taken to court. The Consumer Financial Protection Bureau (CFPB) announced on Monday (June 6) that it filed a lawsuit against Intercept Corporation and two...
As is their monthly custom, the Consumer Financial Protection Bureau released its monthly summary of consumer complaints. Once again, the credit reporting bureaus led the field with creating consumer dissatisfaction, with both false data appearing on consumer reports and difficulty in getting that data removed...
This month’s consumer complaint snapshot, released by the Consumer Financial Protection Bureau on Tuesday (May 24), shows credit reporting issues remain a serious pain point for consumers. According to the report, consumers continue to deal with incorrect information being included on their reports, as well as...
