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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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. Get the Full Story Complete the form to unlock this article and...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After mounting complaints from both banks and consumers about unauthorized withdrawals and other illicit activities, the accused payment processor is being taken to court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
On Wednesday (May 18), the Consumer Financial Protection Bureau said that it, along with four other federal regulatory agencies, issued guidance covering the oversight of consumer deposit discrepancies. The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is...
It’s official. The CFPB is moving toward a rule change that will make it much easier for consumers — or more specifically groups of consumers — to take banks and other financial institutions to court as part of class action lawsuits. Get the Full Story Complete the form...
