CFPB

CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers

CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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Are Big Changes Coming To The Military Lending Act?
Are Big Changes Coming To The Military Lending Act?
August 14, 2018  |  Alternative Finances

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up...

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The Regulatory Future Of Payday Lending
The Regulatory Future Of Payday Lending
August 14, 2018  |  Alternative Finances

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for small-dollar amounts and...

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Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

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CFPB Settles With Payday Lender Over Scam Fees
CFPB Settles With Payday Lender Over Scam Fees
August 13, 2018  |  CFPB

The Consumer Financial Protection Bureau announced Friday (August 10) that it entered into a settlement agreement with Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated...

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CFPB Relaxes Supervision Of Military Lenders
CFPB Relaxes Supervision Of Military Lenders
August 13, 2018  |  CFPB

In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of...

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Bipartisan Policy Center Report Urges Small Business Financial Reforms
Bipartisan Policy Center Report Urges Small Business Financial Reforms
August 01, 2018  |  Regulation

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of small businesses (SMBs)...

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New Survey Shows Vast Amount Of Americans Support CFPB
New Survey Shows Vast Amount Of Americans Support CFPB
July 31, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) may be hated by Republicans and the Trump White House, but it turns out to have strong support among...

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One Leadership Battle Ends At The CFPB, A New One Begins
One Leadership Battle Ends At The CFPB, A New One Begins
July 25, 2018  |  Personnel

The leadership situation at the Consumer Finance Protection Bureau (CFPB) has been something of a complicated story since original Director Richard Cordray stepped down last...

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