The Consumer Financial Protection Bureau announced on Tuesday (March 15) that it is taking action to bring down a student debt relief scheme that illegally charged millions of dollars to borrowers through upfront fees for federal student loan services. Get the Full Story Complete the form...
We’re just one day from hearing what CFPB Director Richard Cordray has to say about the regulatory environment of consumer financial services in the U.S., as he is set to deliver his semi-annual report to Congress on Wednesday (March 16). Get the Full Story Complete...
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The 2016 election season is reaching that point where every story has, more or less, been written already. Almost every candidate has had one or several verbal gaffes scrutinized over the course of one or several news cycles, and viewers who might have found early...
A number of banks based outside of the United States have been raising opposition to proposals by the Federal Reserve to bring “too-big-to-fail” rules into force. The non-U.S. banks have said that the rules would be unfair to the U.S. units of those very banks....
The Consumer Financial Protection Bureau said on Tuesday (March 8) that it has released its latest supervision report, and its review of both banks and nonbanks gave rise to $14.3 million in restitution to about 228,000 customers, due to several areas of violations, including remittances....
U.S. President Barack Obama is taking on a defensive front when it comes to his ongoing efforts to crack down on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The CFPB has officially opened up its online forum for accepting consumer complaints geared at those who have experienced issues from online marketplace lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Though the CFPB has yet to release its proposed rules for payday lenders, the drop is expected any time now and is rather eagerly anticipated. Though the exact contents of the rules are not known, the year or so of speculation on the topic has...
