Search for: "Consumer Financial Protection Bureau "
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27 May 2015, 1:39 pm
FCC Continues Crack Down on Cramming Violations With Two Multi-Million Dollar Settlements The FCC announced this month that, in coordination with the Consumer Financial Protection Bureau and the attorneys general of all 50 states and D.C., it has reached settlements with two large wireless carriers to resolve allegations that the companies charged customers for unauthorized third-party products and services, a practice known as “cramming. [read post]
27 May 2015, 11:16 am
By John Porter, Partner The Consumer Financial Protection Bureau (CFPB) recently indicated it was exploring limitations to end payday debt traps by requiring lenders to take steps to ensure consumers can repay their loans. [read post]
26 May 2015, 9:07 pm
Recently, however, the federal Consumer Financial Protection Bureau - a creation of Massachusetts Senator Elizabeth Warren - released a massive report that shows arbitration benefits businesses at the expense of consumers.It found that removing the threat of a class-action suit is a huge plus for companies. [read post]
26 May 2015, 11:11 am
The Office of Inspector General for the Federal Reserve Board and Consumer Financial Protection Bureau took a critical look at the supervisory effectiveness of both the Fed and the New York Fed in an October 17, 2014, report.The fund said the bank’s failure to heed red flags about Iksil’s trading showed breaches of the duty of loyalty. [read post]
26 May 2015, 10:58 am
The HUD-1 Form Before Closing The Consumer Financial Protection Bureau (CFPB) requires that a completed federal document called the new “HUD-1 Form” be provided to the buyer/borrower within 3 days of the closing date (the time when the transaction is scheduled for the final documents to be signed and the deal to be completed). [read post]
26 May 2015, 6:15 am
Circuit rejected a constitutional challenge to the Consumer Financial Protection Bureau’s (CFPB’s) authority. [read post]
26 May 2015, 5:48 am
In October 2013, the federal Consumer Financial Protection Bureau (CFPB) issued Bulletin 2013-10 on the subject of payroll card accounts. [read post]
22 May 2015, 6:01 am
Last month, the White House informed Congress that it opposes a bill passed by the House of Representatives designed to give small businesses a larger role in developing Consumer Financial Protection Bureau (CFPB) rules and regulations. [read post]
21 May 2015, 10:58 am
Mishkin Republican Senator David Perdue has introduced a bill, S.1383 entitled the ‘‘Consumer Financial Protection Bureau Accountability Act of 2015,” that would make the CFPB subject to the congressional appropriations process. [read post]
21 May 2015, 6:35 am
On March 9, 2015, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray presided over oral argument in the first appeal hearing of an administrative enforcement action. [read post]
19 May 2015, 12:15 pm
The Consumer Financial Protection Bureau announced Tuesday its proposed consent order against the digital payments processor. [read post]
19 May 2015, 9:58 am
The Consumer Financial Protection Bureau (CFPB) recently fined DriveTime Automotive Group, Inc. $8 million for harming customers for making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies. [read post]
19 May 2015, 9:15 am
FOR IMMEDIATE RELEASE:May 19, 2015 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST PAYPAL FOR ILLEGALLY SIGNING UP CONSUMERS FOR UNWANTED ONLINE CREDITPayPal to Refund $15 Million to Consumers and Pay $10 Million FineWASHINGTON, D.C. [read post]
16 May 2015, 6:12 am
See this Consumer Financial Protection Bureau blog post for the details. [read post]
15 May 2015, 7:03 am
Unconscious biases are the more subtle, but no less potent determinants of expert witness behavior, which are created by financial dependence upon, and allegiance to, the witness’s paymaster. [read post]
14 May 2015, 4:51 pm
Today the Consumer Financial Protection Bureau is here in Wisconsin to focus on how tens of millions of Americans are affected by their student debt load, which in the aggregate now tops $1.2 trillion. [read post]
13 May 2015, 2:31 pm
The CFPB (Consumer Financial Protection Bureau) has created a document available here that provides the information to you on all of these agencies and has broken them down into the following groups: National Credit Reporting Companies Check Screening/Check History Payday Lending Auto & Property Insurance History Alternative or Supplementary Credit Reports Utilities Gaming Rental Medical Employment History Being a bankruptcy and consumer… [read post]
13 May 2015, 9:12 am
” “We are committed to holding accountable wrongdoers whose fraudulent actions impact the safety and soundness of financial institutions regulated by the Federal Reserve Board,” said Mark Bialek, Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau. [read post]
13 May 2015, 3:30 am
Senator, former law professor and driving force behind the creation of the Consumer Financial Protection Bureau. [read post]
12 May 2015, 7:48 pm
To ensure that all checking accounts are safe and transparent, Pew has also developed a set of policy recommendations and urges the Consumer Financial Protection Bureau to incorporate these policies in new rules on overdraft practices and arbitration clauses. [read post]
