The Consumer Financial Protection Bureau (CFPB) is putting out a call for public feedback on the agency’s performance. A press release announced that the Bureau is “seeking information to help assess the overall efficiency and effectiveness of its processes related to the enforcement of federal...
After a 45-minute meeting on Tuesday (Feb. 6), Comptroller of the Currency Joseph Otting had nothing but praise for acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney. According to American Banker, the two met to discuss how to reduce regulatory burden, as well as...
U.S. Treasury Secretary Steven Mnuchin says he has questions for the Consumer Financial Protection Bureau (CFPB) on its decision to pull back on the probe into last year’s Equifax hack that affected 143 million Americans. “I haven’t spoken to Director Mulvaney about it, but I...
President Donald Trump and his administration are facing complaints from consumer protection advocates, who are advocating for a reopening of the investigation into the Equifax data breach. According to Reuters, the call from consumer advocates came after the news service reported Mick Mulvaney, the head of...
Interim director Mick Mulvaney may not be able to completely shutdown the government agency he currently runs — but he is surely working overtime to make sure that the CFPB does as little as humanly imaginable while he is at its helm. In his latest...
The Consumer Financial Protection Bureau (CFPB) wants more insight into the use of administrative adjudications and sent out a Request for Information (RFI) to get it. Administrative adjudication is a proceeding the CFPB uses in which a formal adversarial proceeding is conducted by an administrative...
The Consumer Financial Protection Bureau (CFPB) scored a victory Wednesday (Jan. 31) when a U.S. appeals court ruled the President can only remove the head of the watchdog agency with a specific cause, such as a dereliction of duty or engaging in wrongdoing. According to...
The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. 25). The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen...
The Consumer Financial Protection Bureau (CFPB) has dropped its investigation into World Acceptance Corp., which had been accused of taking advantage of low-income borrowers. According to American Banker, the Greenville, South Carolina-based company announced it received a letter from the consumer agency “indicating the investigation...
