Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau
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CFPB's attempt to cap late fees off to rocky start in court
FORT WORTH, Texas (Legal Newsline) - A Texas federal judge has blocked a controversial rule imposed by a federal agency without Congress' consent that would keep credit card companies from charging late fees over $8. -
House members criticize new rules from 'rogue' federal agency, warn of harm to consumers
WASHINGTON (Legal Newsline) - Republicans in Congress are growing frustrated with the actions of a "rogue" federal agency that is passing new rules for financial institutions without the approval of lawmakers. -
CFPB takes on 'risky' loans but won't tell industry what that means
WASHINGTON (Legal Newsline) - A federal agency tasked with regulating lenders refuses to actually explain its rules, causing uncertainty that can choke consumers' access to credit. -
The Taxpayers Protection Alliance Foundation announces new platform intended to track 'overreach' of CFPB
The Taxpayers Protection Alliance Foundation (TPAF) has launched CFPB Mission Creep, a platform created to inform consumers on the level of "overreach" from the Consumer Financial Protection Bureau (CFPB). -
Discrimination case turns tables on CFPB, leads to $6 million settlement
WASHINGTON (Legal Newsline) - A federal agency that often pursues discrimination claims against businesses will pay $6 million to resolve a class action lawsuit that alleges minority and female employees are treated worse than white males. -
Morrisey says CFPB must follow federal court order to operate
CHARLESTON — West Virginia Attorney General Patrick Morrisey is calling on the federal Consumer Financial Protection Bureau to heed the ruling from the U.S. -
House Republicans say CFPB 'colluding' with state AGs to intimidate companies
WASHINGTON (Legal Newsline) - Republicans on an influential House committee have called on the director of the Consumer Financial Protection Bureau to explain a recent interpretation of federal law they say encourages state attorneys general to pile on federal enforcement actions and intimidate companies into settling. -
CFPB says new rule, under assault from community groups, will help smaller lenders
WASHINGTON (Legal Newsline) – A District of Columbia federal judge now has arguments from both sides in the dispute over whether a new rule changing how mortgage data is collected is “arbitrary and capricious.” -
CFPB fights back at lawsuit challenging repeal of short-term loan rule
WASHINGTON (Legal Newsline) – A community group can’t sue over “pure speculation” of what the consequences will be if a federal agency is allowed to repeal a 2017 rule regarding short-term loans. -
Housing groups move for victory in case against CFPB
WASHINGTON (Legal Newsline) – Affordable housing groups are asking a federal judge to grant them victory over a federal agency over a rule published in May that changes certain business practices. -
Repeal of payday loan rule the issue of lawsuit
WASHINGTON (Legal Newsline) – A community group is challenging the recent repeal of a Consumer Financial Protection Bureau rule that prohibited short-term loans at high interest rates like payday and auto-title loans -
CFPB wants to show the world its case against Navient in motion currently sealed
SCRANTON, Pa. (Legal Newsline) – A federal agency all of a sudden has an interest in getting its arguments out as it fights to keep its lawsuit against the nation’s largest student loan servicer alive. -
Navient to judge: Pay no attention to CFPB's argument for ratification
HARRISBURG (Legal Newsline) – The battle continues over whether the Consumer Financial Protection Bureau can pursue a lawsuit it filed years ago when its structure was unconstitutional. -
CFPB tells Pa. judge that other courts have rejected Navient's argument
SCRANTON, Pa. (Legal Newsline) – Though its structure was found to be unconstitutional, the Consumer Financial Protection Bureau is arguing old decisions can be fixed through the process of ratification as its case against the nation’s largest student loan servicer heads toward trial. -
Judge lets CFPB demand records from N.J. lawyer despite SCOTUS ruling
NEW YORK (Legal Newsline) – A key U.S. Supreme Court ruling wasn't enough to convince a federal judge to strike down a federal agency’s investigation of a New Jersey lawyer who operates a debt-collection service and has spent three years and $80,000 fighting. -
Judge asked to tell CFPB it's too late to ratify case against Navient
HARRISBURG – Too little, too late, says the nation’s largest student loan servicer to the federal agency that has pursued litigation against it for three years. -
CFPB mortgage-reporting rule challenged by affordable-housing groups
WASHINGTON (Legal Newsline) – A new rule imposed by the Consumer Financial Protection Bureau is being challenged in court by affordable-housing groups. -
Navient argument against CFPB: Lawsuit was unconstitutional, ratification pointless
SCRANTON, Pa. (Legal Newsline) – In light of the U.S. Supreme Court finding the structure of the Consumer Financial Protection Bureau unconstitutional, one of the agency’s targets is asking a federal judge to throw out the lawsuit. -
End the CFPB’s frivolous Navient lawsuit
This is a clarion call for accountability and bipartisanship in the pursuit of genuine consumer protection. The CFPB Director Kathy Kraninger should apply her new accountability to take control of a misguided and failing case foisted upon her by Rob Cordray and end it. -
President given power to fire head of federal agency thanks to SCOTUS ruling
WASHINGTON (Legal Newsline) – Confirming years of complaints, the U.S. Supreme Court on Monday decided the structure of a federal consumer protection agency created during the Obama Administration is unconstitutional.