Representative Jeb Hensarling, the chairman of the House Financial Services Committee, is gearing up to move ahead with legislation that would greatly weaken the Consumer Financial Protection Bureau. According to a report by The New York Times, citing a leaked memo by Hensarling, the Republican from...
Jeb Hensarling, the chairman of the House Financial Services Committee, described the Consumer Financial Protection Bureau as a so-called “rogue agency” created to be “insulated” from oversight on the part of the congress, president and voters. In a piece Hensarling wrote for The Wall Street Journal, he...
The Consumer Financial Protection Bureau consumer complaint database, which proponents say has the biggest impact on helping American consumers, could go away under President Trump’s White House, which is aiming to dismantle a lot of the regulation put in place by former President Obama. According...
The Consumer Financial Protection Bureau (CFPB) and the New York attorney general have filed a lawsuit against RD Legal Funding, LLC, as well as Roni Dersovitz, the company’s founder and owner, for allegedly scamming 9/11 heroes out of money they needed to cover medical costs,...
The Consumer Financial Protection Bureau announced Monday (Jan. 30) that it took action against a ring of law firms and attorneys who the government watchdog contends collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleged Howard...
While it seems the House Financial Services Committee is getting ready to move full steam ahead on removing CFPB Executive Director Richard Cordray from his role as head of the consumer watchdog group, Democratic state officials are working on the other end to try to...
The Consumer Financial Protection Bureau announced Monday (Jan. 23) that it took separate actions against CitiFinancial Servicing and CitiMortgage for allegedly giving struggling homeowners the runaround when they were looking for options to avoid losing their homes. In a press release announcing the two actions,...
The Consumer Financial Protection Bureau got the nod Friday (Jan. 20) from a California appeals court that it can go after Native American tribal lenders that market payday loans. According to a report, a Ninth Circuit of Appeals panel ruled online lenders Great Plains Lending, MobiLoans and...
With less than two weeks before Donald Trump’s inauguration, the Consumer Financial Protection Bureau has released five changes to its senior leadership lineup. “I am very excited for the new additions we are announcing today to the Bureau’s senior leadership,” said CFPB Director Richard Cordray....
