Search for: "Consumer Financial Protection Bureau "
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28 Oct 2017, 1:00 pm
" The Joint Resolution, in effect, nullified a rule adopted by the Consumer Financial Protection Bureau prohibiting banks from mandating that consumers resolve disputes with the bank through arbitration.The Bureau's rule regulated the use of arbitration agreements in contracts for specific consumer financial products and services and prohibited "the use of a predispute arbitration agreement to prevent a… [read post]
27 Oct 2017, 6:24 am
[more…] Congress Makes It Harder to Sue the Financial Industry by Andrew Ackerman and Yuka Hayashi The 51-50 vote handed the financial industry its most significant legislative victory since President Donald Trump took office and was a rebuke of Consumer Financial Protection Bureau Director Richard Cordray, who pressed ahead with his agenda in defiance of Republicans. [read post]
26 Oct 2017, 9:30 pm
Senate voted 51-50, with Vice President Mike Pence casting the tie-breaking vote, to repeal a Consumer Financial Protection Bureau (CFPB) rule that banned mandatory arbitration clauses in financial contracts. [read post]
25 Oct 2017, 1:45 pm
Last night, during Game 1 of the World Series, the Senate passed House Joint Resolution 111, which would repeal the Consumer Financial Protection Bureau’s rule on arbitration agreements (covered earlier here). [read post]
25 Oct 2017, 11:57 am
The US Senate [official website] on Tuesday approved [bill materials] HJ Res 111 [text], which cancels a Consumer Financial Protection Bureau (CFPB) [official website] rule related to arbitration agreements. [read post]
25 Oct 2017, 11:03 am
Senate on the evening of October 24, 2017 to overturn the arbitration rules proposed in July by the Consumer Finance Protection Bureau. [read post]
25 Oct 2017, 9:58 am
By a 51-50 vote, with Vice President Pence breaking the tie, the Senate has voted to overturn the Consumer Financial Protection Bureau's rule forbidding the use of contract terms (in covered consumer loan products) barring consumers to bring or participate in class actions. [read post]
25 Oct 2017, 9:28 am
The Vice President has cast a tie-breaking vote in the United States Senate to rescind a new Consumer Financial Protection Bureau (“CFPB”) rule that prohibits most financial service providers such as banks and credit card issuers from requiring consumers to sign mandatory arbitration agreements barring class-action lawsuits. [read post]
25 Oct 2017, 8:44 am
From my colleague, Amy Schmitz: This summer, I reported the news that after much study, the Consumer Financial Protection Bureau (CFPB) had issued its arbitration rule barring the use of arbitration clauses to preclude class actions with respect to financial services and contracts disputes. [read post]
25 Oct 2017, 8:02 am
Senate voted last night, 51 to 50, to override the Consumer Financial Protection Bureau’s final arbitration rule. [read post]
25 Oct 2017, 5:41 am
[POLITICO] * Sorry, consumers, but the Senate had to call in VP Mike Pence in the middle of the night to kill the the Consumer Financial Protection Bureau rule banning mandatory arbitration clauses in credit card and checking account agreements. [read post]
24 Oct 2017, 7:28 pm
Consumer Financial Protection Bureau’s arbitration rule.Voting to allow banks and other financial institutions to rip off customers with impunity is a savage attack on American consumers. [read post]
24 Oct 2017, 10:58 am
By contrast, capital will bear some of the corporate tax if: Domestic capital is fixed in quantity (no reduction in saving due to the tax); A sufficient amount is unable or unwilling to move abroad for any of several reasons—such as that savers will not purchase foreign securities, or consumers have a strong preference for domestic goods and services; The quantity of capital moving abroad is large enough relative to the world stock that it depresses return on foreign-sited capital;… [read post]
24 Oct 2017, 10:27 am
On October 18, 2017, the Consumer Financial Protection Bureau (CFPB) issued a set of Consumer Protection Principles regarding the sharing and aggregation of consumers’ financial data. [read post]
24 Oct 2017, 10:27 am
On October 18, 2017, the Consumer Financial Protection Bureau (CFPB) issued a set of Consumer Protection Principles regarding the sharing and aggregation of consumers’ financial data. [read post]
23 Oct 2017, 8:48 am
The Consumer Financial Protection Bureau thinks that’s unfair to the public. [read post]
22 Oct 2017, 9:30 pm
The 2,300-page statute covers a far-reaching set of issues such as financial instruments, executive compensation, mortgage lending, and government oversight, and established three new agencies, including the Consumer Financial Protection Bureau. [read post]
19 Oct 2017, 1:45 pm
The CFPB has released a set of “Consumer Protection Principles” for participants “in the developing market for services based on the consumer-authorized use of financial data. [read post]
18 Oct 2017, 10:27 pm
Federal regulators, including the Consumer Financial Protection Bureau (CFPB), routinely update the rules in ways that could affect hard-money lending. [read post]
18 Oct 2017, 3:59 pm
The feedback received by the Bureau acknowledges consistently the importance of ensuring consumer protections for safe access to, and controlled use of, consumer financial data by consumers and third parties. [read post]
