Candid Remarks from the CFPB’s Director

By | CFPB Monitor | February 17, 2015
Candid Remarks from the CFPB’s Director

Last week, Director Cordray spoke at a National Credit Union Administration town hall webinar. While his prepared remarks were not particularly revealing, the American Banker reported that Director Cordray was unusually candid during the Q&A part of the program.

CFPB Intends to Regulate Payday Lenders

By | MoFo Reenforcement | February 12, 2015
CFPB Intends to Regulate Payday Lenders

According to a report in The New York Times’ Dealbook, the payday lending regulations the Consumer Financial Protection Bureau is drafting would govern a broader range of short-term loans than some may like, with car title loans and installment loans falling under the guidelines, and would create measures aimed at curbing what the Bureau has been calling the payday lending “cycle of debt.”