Given the CFPB’s fair lending focus, there is certainly a strong dose of irony in the American Banker’s report yesterday that CFPB staff evaluations show a pattern of racial disparities.
CFPB’s Updated Report On Strategic Plan, Budget and Performance Plan Shows Increased Spending and Growth
The CFPB has issued an updated report on its strategic plan, budget, and performance plan. The report, which mostly reassembles information contained in other CFPB reports, discusses the CFPB’s progress in meeting the strategic goals set forth in its FY 2013-FY 2017 strategic plan and provides budget projections and other metrics for FYs 2014 and 2015.
District of Columbia Dismisses Lawsuit Seeking to Place Attorney General on April Ballots
As it reportedly did last year, we understand the CFPB is again this year soliciting consumer complaints through the use of a stuffer sent with IRS refund checks mailed to consumers.
The CFPB continues to be a target of House Republicans, with the House passing a bill last week that would make structural and other changes to the CFPB. H.R. 3193, which passed by a 232-182 vote, incorporates five CFPB reform bills approved in November 2013 by the House Financial Services Committee.
Credit reporting was the first industry targeted by the CFPB using its “larger participant” supervisory authority.
The CFPB recently issued a bulletin highlighting the obligations of debt buyers, debt collectors, and others who furnish information to credit reporting agencies (CRAs) under the Fair Credit Reporting Act (FCRA).
CFPB Files Enforcement Action Against for-profit Education Company Over Alleged Predatory Lending Tactics
After hinting for months that it intends to use its enforcement powers to police lending in the higher education arena, the CFPB dropped the hammer on ITT Educational Services, filing suit against the for-profit college over alleged predatory lending practices.
CFPB Director Calls for Public and Private Sector Businesses and Organizations to Help Employees with Their Financial Lives
On February 25, the Financial Literacy and Education Commission (FLEC) held a field hearing as part of America Saves Week to discuss financial education in the workplace, including how to deliver financial education to employees.
The CFPB’s collaboration with state attorneys general was the focus of Director Cordray’s remarks today to the National Association of Attorneys General.