CFPB

CFPB
Chairman Of House Financial Services Committee Says CFPB Is A ‘Rogue Agency’
February 10, 2017

Jeb Hensarling, the chairman of the House Financial Services Committee, described the Consumer Financial Protection Bureau as a so-called “rogue agency” created to be “insulated” from oversight on the part of the congress, president and voters. Get the Full Story Complete the form to unlock...

CFPB
CFPB’s Consumer Complaint Database Could Go Away
February 09, 2017

The Consumer Financial Protection Bureau consumer complaint database, which proponents say has the biggest impact on helping American consumers, could go away under President Trump’s White House, which is aiming to dismantle a lot of the regulation put in place by former President Obama. Get...

CFPB
RD Legal Accused Of Illegal Scam Against 9/11 First Responders
February 08, 2017

The Consumer Financial Protection Bureau (CFPB) and the New York attorney general have filed a lawsuit against RD Legal Funding, LLC, as well as Roni Dersovitz, the company’s founder and owner, for allegedly scamming 9/11 heroes out of money they needed to cover medical costs,...

CFPB
CFPB Takes Action Against Attorneys That Charged Illegal Debt Relief Fees
January 31, 2017

The Consumer Financial Protection Bureau announced Monday (Jan. 30) that it took action against a ring of law firms and attorneys who the government watchdog contends collaborated to charge illegal fees to consumers seeking debt relief. Get the Full Story Complete the form to unlock...

CFPB
Blue States Are Trying To Protect The CFPB From Trump
January 24, 2017

While it seems the House Financial Services Committee is getting ready to move full steam ahead on removing CFPB Executive Director Richard Cordray from his role as head of the consumer watchdog group, Democratic state officials are working on the other end to try to...

CFPB
CFPB Sues CitiFinancial, CitiMortgage; Fines Them $28.8M
January 24, 2017

The Consumer Financial Protection Bureau announced Monday (Jan. 23) that it took separate actions against CitiFinancial Servicing and CitiMortgage for allegedly giving struggling homeowners the runaround when they were looking for options to avoid losing their homes. Get the Full Story Complete the form to...

CFPB
CFPB Gets Green Light To Investigate Tribal Lenders
January 24, 2017

The Consumer Financial Protection Bureau got the nod Friday (Jan. 20) from a California appeals court that it can go after Native American tribal lenders that market payday loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB Shuffles Exec Deck Days Before Inauguration
January 09, 2017

With less than two weeks before Donald Trump’s inauguration, the Consumer Financial Protection Bureau has released five changes to its senior leadership lineup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
Older Borrowers Struggle With Student Loans
January 06, 2017

The Consumer Financial Protection Bureau (CFPB) released a report Thursday (Jan. 5) that shows the impact of student loan debt on long-term financial security, with the government watchdog reporting it does in fact create a lot of financial strife down the road. Get the Full...