In a letter to the Government Accountability Office (GAO), Senator David Vitter questioned “the adequacy and thoroughness of the CFPB’s analysis of small business impacts” in connection with its payday lending rulemaking process and asked the GAO to conduct an investigation and issue a report on its findings.
The CFPB has published notices in today’s Federal Register seeking comments on the following information collections.
As of today, consumer narratives are publicly available on the CFPB’s consumer complaint database.
CFPB Supervisory Report Highlights Violations in Consumer Reporting, Debt Collection, Student Loan Servicing, Mortgage Origination and Servicing, Fair Lending
In its Summer 2015 Supervisory Highlights, which covers supervision work generally completed between January and April 2015, the CFPB highlights legal violations resolved using non-public supervisory actions involving consumer reporting, debt collection, student loan servicing, mortgage origination and servicing, and fair lending.
On June 11, 2014, Sen. Jack Reed [D-RI] introduced a bill amending the Consumer Financial Protection Act to extend Consumer Financial Protection Bureau (CFPB) oversight and protection to include key provisions of the Servicemembers Civil Relief Act (SCRA).
In a new study, the Consumer Financial Protection Bureau (CFPB) criticizes reverse mortgages as misleading and as having resulted in senior citizens being confused about exactly what such a transaction involves.
Are servicemembers more financially vulnerable than the civilians they protect? Recent enforcement actions suggest that, in the CFPB’s view, they are.
The CFPB has issued a “Mid-year update on student loan complaints” that analyzes the approximately 3,100 private student loan complaints received by the CFPB between October 1, 2014 and March 31, 2015.
The Consumer Financial Protection Bureau (CFPB) has published a rule that expands the CFPB’s supervision to nonbank auto finance companies for the first time.
A new empirical study of approximately 5,000 American Arbitration Association (AAA) consumer arbitrations conducted between 2009 and 2013 purports to find a “repeat player” effect favoring companies that previous researchers, including the Consumer Financial Protection Bureau (CFPB) itself, have not discerned.