Senators voted on Wednesday (April 18) to remove a 2013 piece of consumer protection legislation that was designed to stop discrimination in the auto lending market. By a vote of 51 to 47, Senators have officially unmade the CFPB guidance of a latter year, on the...
The Senate is set to vote to rescind the Consumer Financial Protection Bureau’s rule on auto lending as early as this coming Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection Bureau (CFPB). Mulvaney, who is temporarily running the agency, is also the White House budget chief, Bloomberg reported. Get the Full Story Complete...
The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Community Financial Services Association of America, the payday lending trade group, filed a lawsuit against the Consumer Financial Protection Bureau to stop a regulation put into place under the Obama administration that it claims will kill the industry. Get the Full Story Complete the form...
Consumer Financial Protection Bureau acting director Mick Mulvaney is using the agency’s structure as an excuse to refuse to answer questions about his leadership. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
CFPB Acting Director Mick Mulvaney offered up the agency’s first semi-annual report under his tenure. Other than saying the agency is “too powerful” and offering proposals that would boost Congress’ power over the Bureau, through funding and other means, it’s all just business as usual....
The Consumer Financial Protection Bureau (CFPB) introduced a final rule on Thursday (March 8) that it said will help mortgage servicers communicate with borrowers who are facing bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
