December 9, 2019
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced the panels for its December 10, 2019 workshop, cohosted with the Federal Trade Commission (FTC), to examine issues affecting the …
Continue reading “CFPB Announces Panels for CFPB-FTC Workshop on Accuracy in Consumer Reporting”
December 5, 2019
WASHINGTON, D.C. –The Consumer Financial Protection Bureau (Bureau) issued today a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule (Rule). The Rule generally requires companies that provide remittance …
November 1, 2019
Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions
November 1, 2019
Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans
July 30, 2019
Statement by Kathy Kraninger at CFPB/FTC Equifax Settlement Press Conference. Thank you for joining us. Today’s global settlement is the result of a strong partnership between the Bureau, the Federal Trade Commission, and the states.
July 29, 2019
The Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico announced a global settlement today with Equifax that would provide up to $700 million in monetary relief and penalties. In a complaint and proposed stipulated judgment filed in federal district court in the Northern District of Georgia, the Bureau alleges that Equifax engaged in unfair and deceptive practices in connection with the 2017 data breach of Equifax’s systems that impacted approximately 147 million consumers.
June 20, 2019
The Consumer Financial Protection Bureau announced today that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The symposium will be webcast on the Bureau’s website.
June 19, 2019
CFPB Highlights June 11th marks the first six months of Director Kathleen L. Kraninger leading the Consumer Financial Protection Bureau. Launched an initiative, Start Small, Save Up, to increase emergency savings among consumers;
Expanded the Misadventures in Money Management financial education tool for active-duty servicemembers;
Educated consumers about mortgage closing scams;
May 13, 2019
Today the Consumer Financial Protection Bureau (Bureau) issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by debt collectors and straightforward options to address or dispute debts. Among other things, the NPRM would set clear, bright-line limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarify how collectors may communicate lawfully using newer technologies, such as voicemails, emails and text messages, that have developed since the FDCPA’s passage in 1977; and require collectors to provide additional information to consumers to help them identify debts and respond to collection attempts.
April 11, 2019
House of Democrats appear like they are using the House Financial Services Committee to fight proxy wars with President Donald Trump. That may not be such a bad thing for traders.
