CFPB

CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
December 03, 2019  |  CFPB

In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? As Bloomberg Law reported Tuesday (Dec. 3),...

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More Regulatory Trouble Could Be Heading Short-Term Lenders’ Way
More Regulatory Trouble Could Be Heading Short-Term Lenders’ Way
November 19, 2019  |  Alternative Finances

Keeping track of the legal status of short-term lending in the U.S. – which encompasses financial products such as payday loans, pawn loans and title loans...

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Congresswoman’s Bill Seeks To Curb Aggressive Debt Collection
Congresswoman’s Bill Seeks To Curb Aggressive Debt Collection
October 11, 2019  |  CFPB

U.S. Rep. Ayanna Pressley of Massachusetts has introduced new legislation that would require the Consumer Financial Protection Bureau (CFPB) to regulate the debt collection industry....

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Big Tech Privacy Bill Faces Delays
Big Tech Privacy Bill Faces Delays
October 07, 2019  |  Regulation Roundup

Big Tech has faced a number of inquiries growing in scope and scrutiny as lawmakers have been focused on competitive practices and efforts to ensure...

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Executive Order Looms For Social Media Firms On Content? 
Executive Order Looms For Social Media Firms On Content? 
August 19, 2019  |  Regulation

A draft executive order from the White House might lay out how Big Tech firms curate and present their data. As noted last week, the...

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Comment Period Extended For CFBP Debt Proposal
Comment Period Extended For CFBP Debt Proposal
August 02, 2019  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has extended the comment period for its Notice of Proposed Rulemaking (NPRM) before it implements the Fair Debt Collection...

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CFPB Report: One In Four Consumers Have Debt In Collections
CFPB Report: One In Four Consumers Have Debt In Collections
July 19, 2019  |  Debt

More than a quarter of consumers have one debt in collections, according to data from the Consumer Financial Protection Bureau. A large swath of that is...

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CFPB Spotlights Director’s Six-Month Mark
CFPB Spotlights Director’s Six-Month Mark
June 17, 2019  |  Regulation

This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. In recounting its accomplishments under...

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Senators Urge CFPB To Reconsider Debt Collection Overhaul
Senators Urge CFPB To Reconsider Debt Collection Overhaul
June 10, 2019  |  Regulation

A group of senators is urging the Consumer Financial Protection Bureau to reconsider a recently proposed overhaul of debt collection practices that among other things...

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