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The Consumer Financial Protection Bureau announced that it has entered into a Consent Order with Chime Inc., a nonbank fintech company, to settle alleged violations of the Electronic Fund Transfer Act (EFTA), Subpart B of Regulation E (Remittance Transfer Rule), and the Consumer Financial Protection Act (CFPA). [read post]
22 May 2014, 9:37 am by Joann Needleman
The Consumer Financial Services Blog - Providing the latest in FDCPA, TCPA, FCRA and other consumer financial services lawsOn Dec. 16, 2013, the Government Accountability Office issued its report on a financial audit of the Consumer Financial Protection Bureau’s financial statements for the fiscal years ending Sept. 30, 2012 and 2013. [read post]
11 Feb 2019, 10:40 am by Barbara S. Mishkin
”  She highlights three recent CFPB settlements that did not provide for any consumer redress, including its settlements with Sterling Jewelers and NDG Financial, and comments that “the fact that two of the three settlements involve online lending raises serious concerns about the Consumer Bureau’s commitment to protecting America’s consumers from predatory online lending practices. [read post]
24 Jul 2011, 10:56 am by James Hamilton
Scott Rigell (R-VA) would require the Consumer Financial Protection Bureau to submit a financial impact analysis to the FSOC, and also make the analysis publicly available, on each proposed rule or regulation that it intends to adopt. [read post]
17 Feb 2012, 7:05 am by Don Maurice
Yesterday the Consumer Financial Protection Bureau (“CFPB”) released its proposed rule “Defining Larger Participants in Certain Consumer Financial Product and Service Market. [read post]
18 Feb 2021, 1:45 am by Rebecca C. Morgan Stetson Law
Join experts from the Consumer Financial Protection Bureau (CFPB), the Federal Communications Commission (FCC), and... [read post]
29 Aug 2018, 1:02 pm by Tom Kosakowski
Consumer Financial Protection Bureau resigned his post. [read post]
29 Jun 2012, 1:39 pm by John Rogers
The Consumer Financial Protection Bureau has recently implemented a very user friendly database to show consumers which credit card companies have the most complaints filed against them. [read post]
14 Jan 2015, 10:19 am by Joshua Davey
At a January 13 Brookings Institution event, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray delivered remarks on the current state of the mortgage market.Touting the recently enacted CFPB mortgage rules as evidence of progress in protecting consumers from abusive mortgage practices, Cordray noted several signs of the improving mortgage market, including rising demand from first-time homebuyers and falling foreclosure rates. [read post]
4 Jan 2012, 11:14 am by James Hamilton
The President is set to use a recess appointment to name Richard Cordray as the first Director of the Consumer Financial Protection Bureau. [read post]
8 Jun 2010, 1:47 pm by randal shaheen
Outside the privacy area, Leibowitz also described the FTC’s continuing efforts to (1) protect financially-strapped consumers; (2) continue enforcement of the Do Not Call Registry; (3) protect children through litigation under the Children’s Privacy Protect Act; (4) promote competition by challenging anti-competitive health care mergers and stopping pay-for-delay drug patent settlements; and (5) protect competition in the technology,… [read post]
30 May 2014, 10:18 am by Sabrina I. Pacifici
 The Federal Housing Finance Agency and the Consumer Financial Protection Bureau posted an April 16 Federal Register notice of an expansion of their joint National Mortgage Database Program to include personally identifiable information that reveals actual users, a reversal of previously stated policy…But under the April register notice, the database expansion means it will include a host of data points, including a… [read post]
26 Jun 2010, 4:59 pm by Hedge Fund Lawyer
STRONG CONSUMER FINANCIAL PROTECTION WATCHDOG The Consumer Financial Protection Bureau Independent Head: Led by an independent director appointed by the President and confirmed by the Senate. [read post]
16 Sep 2013, 4:00 am by Barbara S. Mishkin
MishkinAlthough the House Financial Service Committee’s hearing last Thursday was entitled “The Semi-Annual Report of the Consumer Financial Protection Bureau,” the contents of the report received little mention from committee members. [read post]
4 Nov 2013, 4:00 pm by Gerry W. Beyer
The Consumer Financial Protection Bureau has released four booklets to help financial caregivers with these often overwhelming duties. [read post]
12 Dec 2013, 8:06 am by Paul Kirgis
— Today the Consumer Financial Protection Bureau released preliminary research on the use of arbitration clauses in connection with consumer financial products and services. [read post]
Both the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have set an aggressive agenda for 2023 that could fundamentally alter the regulatory landscape governing fintech and financial services providers. [read post]
29 Oct 2013, 10:09 am by Rebecca C. Morgan
The CFPB announced on October 29, 2013 the release of 4 new booklets for individuals managing the money of another. [read post]
5 Apr 2023, 10:00 pm
The Consumer Financial Protection Bureau (CFPB, the Bureau) promulgated on March 30 its final rule implementing Section 1071 of the Dodd-Frank Act. [read post]
5 Apr 2023, 10:00 pm
The Consumer Financial Protection Bureau (CFPB, the Bureau) promulgated on March 30 its final rule implementing Section 1071 of the Dodd-Frank Act. [read post]