The CFPB has released its updated regulatory agenda for 2018 — and it looks like the prepaid card final rule passed earlier this year will not be on it. The consumer watchdog — now under new leadership — formally announced that it will be delaying...
When “Game of Thrones” finished the first half of the season earlier this year, its 17 million weekly viewers were left with a problem: they had a year, at least, to wait until the second half of the final season began. What could they possibly...
Interim CFPB head Mick Mulvaney has announced that the agency has frozen its collection of person information due to concerns about cybersecurity. The choice to hit the pause button on data collection is part of the interim director’s broader plan to improve data security at...
The Consumer Financial Protection Bureau and payday loans have had a wild ride over the last 24 months. After a contentious rulemaking process, an even more contentious first draft and then a somewhat less contentious (but still pretty divisive) final rule drafting, the argument about what access consumers...
Wherever you might come down on the current controversy over who’s really in charge at the CFPB, you have to admit it’s driven no shortage of headlines. Some of our favorites: “Shootout at The CFPB Corral”, “Who’s the Boss” and “…Two Acting Directors Show Up To Take...
Null and void. The Consumer Financial Protection Bureau (CFPB)’s much debated, loved and hated arbitration rule has been officially killed through the rule’s being struck from the Federal Register. Thus, it’s current status: Nullification. As reported in several places, including CU Insight, the nullification ruling comes...
Although he is due to resign next week, Richard Cordray, the director of the Consumer Financial Protection Bureau, still wants his opinion to be heard. According to American Banker, Cordray sent a letter to 29 chief executives at banks, credit unions and other financial companies,...
The Consumer Finance Protection Bureau has announced a fine against Xerox Business Services, currently known as Conduent Business Services. The $1.1 million fine was assessed for software efforts that led to incorrect and damaging consumer information being fed to the credit reporting agencies for over...
In the wake of Richard Cordray stepping down from the Consumer Financial Protection Bureau (CFPB), President Donald Trump has tapped White House budget director Mick Mulvaney to step in on an interim basis. Mulvaney will take over when Cordray officially steps down later this month....
