CFPB

Upromise Fined $500,000 By FTC For Violating Data Collection, Usage
Upromise Fined $500,000 By FTC For Violating Data Collection, Usage
March 20, 2017  |  Security & Fraud

Upromise, a membership reward service, was fined $500,000 by the Federal Trade Commission (FTC) to settle allegations it violated a FTC rule that requires companies...

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Justice Department Calls CFPB’S Structure Unconstitutional
Justice Department Calls CFPB’S Structure Unconstitutional
March 20, 2017  |  CFPB

In a brief filed on Friday (March 17) in a lawsuit against the Consumer Financial Protection Bureau (CFPB), the Justice Department declared that the agency’s...

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FICO’s New Groove
FICO’s New Groove
March 14, 2017  |  Consumer Finance

About half of all Americans who took the SAT still remember their score 25 years later. Only about 40 percent of Americans, on the other...

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Trump Weighs In On Cordray At Community Bank Meeting
Trump Weighs In On Cordray At Community Bank Meeting
March 10, 2017  |  Bank Regulation

In the continuing faceoff between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the American Banker stated that President Donald Trump “deeply impressed”...

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U.S. Prosecution of Lending Bias Cases to Drop?
U.S. Prosecution of Lending Bias Cases to Drop?
March 08, 2017  |  News

The past few years have been marked by prosecutions by the federal government of lending bias, but the pace may slow under the newly installed...

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Rehearing Of PHH Vs. CFPB Looms As Trump Admin To Join PHH Argument
Rehearing Of PHH Vs. CFPB Looms As Trump Admin To Join PHH Argument
March 07, 2017  |  Consumer Finance

In the latest salvo in the legal wrangling between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the Justice Department has signaled that...

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The Divided States Of Public Opinion On FinServ Regulation
The Divided States Of Public Opinion On FinServ Regulation
March 07, 2017  |  Regulation

That financial regulation is divisive among legislators is not exactly a big revelation. Any quick survey of the comments from House or Senate members after...

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CFPB Director Richard Cordray Shares Bureau’s FinTech Vision
CFPB Director Richard Cordray Shares Bureau’s FinTech Vision
March 07, 2017  |  CFPB

On Monday (March 6), CFPB Director Richard Cordray presented at the LendIt USA Conference, providing attendees with an overview of where the bureau stands on...

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CFPB Acts To Reign In Inaccuracies With Credit Information
CFPB Acts To Reign In Inaccuracies With Credit Information
March 03, 2017  |  Security & Fraud

The Consumer Financial Protection Bureau (CFPB) announced Thursday (Mar. 2) that it has identified “significant” issues with the quality of the credit information being provided...

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