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31 Aug 2017, 12:59 pm by Pavitra Bacon
In addition to following the guidance above, in the absence of applicable exemptions or waivers granted by regulators, financial institutions wherever located must continue to comply with consumer protection and other banking laws. [read post]
14 May 2020, 8:35 am by Kristian Soltes
Paypal Looks for Win in Challenge to CFPB’s Prepaid RuleLaw360 – May 7, 2020 (subscription required) PayPal Inc. moved Wednesday to bring its D.C. federal court challenge to the Consumer Financial Protection Bureau’s prepaid rule to a swift conclusion, stressing that the agency made a “fundamental category error” in subjecting digital wallets to the same standards as plastic payment cards carried in stores. [read post]
22 Aug 2024, 9:07 am by Chloe Chung and Alyssa Sones
The deference afforded by Chevron allowed federal agencies like the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), and the Consumer Financial Protection Bureau (CFPB) to autonomously update and refine their regulatory approaches in response to evolving industry conditions and consumer behaviors. [read post]
Securities and Exchange Commission (SEC) and Consumer Financial Protection Bureau (CFPB) have focused on the implications of AI in their respective domains. [read post]
29 Dec 2015, 9:30 pm by RegBlog
CFPB Considers New Payday Loan Requirements Marika Mikuriya | April 27 Consumer demand for quick credit has fueled the growth of a payday loan industry that, according to the Consumer Financial Protection Bureau (CFPB), imposes significant costs on those borrowers least likely to be able to afford them. [read post]
9 Aug 2018, 9:30 pm by Bobby Chen
Bureau of Consumer Financial Protection (BCFP), the United Kingdom’s (UK) Financial Conduct Authority, and 10 other international regulators announced the creation of the Global Financial Innovation Network (GFIN). [read post]
Consumer Financial Protection Bureau last week built out this point, drawing on recent historical scholarship). [read post]
21 Jun 2018, 9:30 pm by Bobby Chen
A federal district judge ruled that the structure of the Consumer Financial Protection Bureau (CFPB) was unconstitutional. [read post]
14 Dec 2019, 6:41 pm by Norma Duenas
Her law office is also part of the Better Business Bureau and has an A rating. [read post]
1 Jul 2019, 12:18 pm by opedit
This type of situation can be financially devastating. [read post]
27 Nov 2017, 4:00 am by Matthew Kahn
(It bears mentioning that the exclusivity provision is part of the basis for the current dispute over the leadership of the Consumer Financial Protection Bureau.) [read post]
8 Oct 2019, 4:51 am by John Jascob
CFPB (19-7): Whether the vesting of substantial executive authority in the Consumer Financial Protection Bureau, an independent agency led by a single director, violates the separation of powers.Scoville v. [read post]
2 Oct 2017, 12:06 pm by Kate Bateman
Political parties, consumed with internal jockeying and compromised by their own corrupt practices, have not taken on corrupt patronage networks. [read post]
28 Aug 2016, 11:23 am by Thomas McAvity
Congratulations, you just paid thirty percent The Federal Trade Commissions, Bureau of Consumer Protection provides anexcellent example, pointing out that if you borrow $100.00 from a Payday Lender with a charge of $15.00 and roll the loan over once for another $15.00 fee and then pay off the loan, you just paid 391% interest to borrow $100.00 for a month. [read post]
27 Sep 2016, 6:02 pm by Joy Waltemath
Wells Fargo recently entered a $185 million settlement with the Consumer Financial Protection Bureau and fired more than 5,000 employees for creating 2 million-plus checking and credit card accounts that may not have been authorized by customers. [read post]
25 Apr 2013, 9:15 am by Sheppard Mullin
According to a report by the Consumer Financial Protection Bureau, there is approximately $1 trillion in student loan debt in the United States, $150 billion of which has been privately funded, thereby suggesting that this possible shift in the treatment of student loans may have tremendous significance for the lending community. [read post]
28 Aug 2016, 11:23 am by JP
Congratulations, you just paid thirty percent The Federal Trade Commissions, Bureau of Consumer Protection provides anexcellent example, pointing out that if you borrow $100.00 from a Payday Lender with a charge of $15.00 and roll the loan over once for another $15.00 fee and then pay off the loan, you just paid 391% interest to borrow $100.00 for a month. [read post]
7 Oct 2013, 10:36 am by Neil Burns
  The Consumer Financial Protection Bureau, which Ms. [read post]
15 May 2017, 6:37 am by Cathy Moran
The Consumer Financial Protection Bureau has a how-to, with a template letter, on how to dispute inaccurate information on your credit report. [read post]