The Consumer Financial Protection Bureau released its monthly complaint report Wednesday (May 31) that showed older consumers frequently report servicing problems with reverse mortgages, difficulties recovering money after financial scams, confusion around deferred interest credit cards and frustration when experiencing charges for unauthorized add-on products. Get...
After seven years of offering close scrutiny to any and all aspects of consumer lending — mortgage underwriting, car loans, short-term lending, credit cards, debt collection, pre-paid cards, arbitration — as of this month, the Consumer Finance Protection Bureau is broadening its horizons into small business lending...
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The Consumer Financial Protection Bureau (CFPB) and its director Richard Cordray’s fate lies in the hands of an appeals court that will hear oral arguments on Wednesday (May 24) in a case between the CFPB and lender and loan servicer PHH Corp. Get the Full...
The Consumer Financial Protection Bureau (CFPB) will see a federal appeals court hear oral arguments later this week on the constitutionality of the government watchdog in the case of PHH Corp. versus CFBP. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau’s (CFPB) rulemaking authority survived its first big challenge from the now Republican-dominated houses of Congress when an effort to use the Congressional Review Act (CRA) to repeal new rules for the prepaid card industry passed by the consumer watchdog in...
After almost a decade of complaints regarding a lack of access to credit, the Consumer Finance Protection Bureau (CFPB) has announced it will launch an inquiry into the financing needs of SMBs in the U.S., according to USA Today. Get the Full Story Complete the form...
Last week was not a good week to be the CFPB or Dodd-Frank financial reforms. The House Financial Services Committee voted 34 to 26 to repeal and replace it with the Financial Choice Act and sent it to the House floor for an up or down...
Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
