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15 Feb 2018, 7:37 pm by Sabrina I. Pacifici
Circuit) issued a potentially important decision on January 31, upholding the structural design of the Consumer Financial Protection Bureau (CFPB). [read post]
15 Feb 2018, 7:27 pm by Sabrina I. Pacifici
Additional FSOC and OFR responsibilities include collection and analysis of financial data, issuing nonbinding recommendations to member agencies, facilitating the resolution of jurisdictional issues among member agencies, issuing a congressionally mandated annual report, and reviewing Consumer Financial Protection Bureau (CFPB) rules under some circumstances…” [read post]
14 Feb 2018, 9:30 pm by David Zaring
Congress last used the tool to reverse a rule adopted by the Consumer Financial Protection Bureau (CFPB) that would have allowed consumer class actions against banks. [read post]
14 Feb 2018, 11:27 am
The federal Consumer Financial Protection Bureau has the scoop here www.consumerfinance.gov/about-us/blog/guard-your-wallet-well-your-heart-romance-scams/ [read post]
14 Feb 2018, 6:00 am by Jennifer L. Mora
Make multi-factor authentication available on consumer-facing online accounts that contain sensitive personal information. [read post]
14 Feb 2018, 6:00 am by Brianna Smith
A lawsuit against Golden Valley Lending was just dropped by the Consumer Financial Protection Bureau, despite allegations that the lender “allegedly charged people up to 950 percent interest rates. [read post]
13 Feb 2018, 2:17 pm by Shriver Center
Step one: Deliver massive tax giveaways to our country’s largest corporations and wealthiest households, while eventually raising taxes on millions of low- and moderate-income families.We are now at step two: Use the massive fiscal shortfalls created by the tax bill to justify deep cuts to key programs that millions of low-income people rely upon for basic quality of life and a fair chance for upward mobility.The Trump Administration’s budget, if implemented, would cause massive… [read post]
13 Feb 2018, 2:01 pm by Seyfarth Shaw LLP
For example, President Trump’s recently released budget proposes huge cuts for a different federal agency — the Consumer Financial Protection Bureau. [read post]
12 Feb 2018, 12:24 pm by Alan White
In April 2017 the Consumer Financial Protection Bureau filed an enforcement action asserting that Golden Valley and three other lenders were engaged in unfair debt collection practices because they violated state usury laws, and also failed to disclose the effective interest rates, violating the federal Truth in Lending law (enacted in 1969). [read post]
8 Feb 2018, 11:28 am by Brianna Smith
According to reports, the head of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, recently decided to pull “back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers. [read post]
6 Feb 2018, 12:02 pm by SHanson
It’s no surprise then that the Consumer Financial Protection Bureau has taken attempts to reign in payday lenders as they often push borrowers into a vicious cycle of debt. [read post]
5 Feb 2018, 8:31 am by Amanda L. Wait
Chopra is a former assistant director of the Consumer Financial Protection Bureau and was recommended by Senator Charles Schumer as a potential Democratic nominee. [read post]
Chopra is a former assistant director of the Consumer Financial Protection Bureau and was recommended by Senator Charles Schumer as a potential Democratic nominee. [read post]
3 Feb 2018, 8:45 am by Public Employment Law Press
The Circuit Court ruled that the structure of the Consumer Financial Protection Bureau [CFPB] is constitutional and that its director[4]can be terminated by the President only for cause. [read post]
Court of Appeals for the DC Circuit ruled that the Consumer Financial Protection Bureau’s (CFPB) structure is constitutional. [read post]
1 Feb 2018, 9:30 pm by Sarah Madigan
Court of Appeals for the District of Columbia Circuit ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is constitutional. [read post]