Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau
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U.S. accuses California man of deceiving financial aid seekers
SAN DIEGO (Legal Newsline) — A government consumer bureau alleges a California business and its owner are deceiving customers into paying a fee to apply for student financial aid. -
Attorney: Federal consumer protection agency should enforce laws, not create them
The Consumer Financial Protection Bureau is considering a new rule that would ban companies from using arbitration clauses that block class action lawsuits. -
Claims of discrimination against black, Hispanic communities asserted against New Jersey bank
WASHINGTON, D.C. (Legal Newsline) - A New Jersey bank allegedly "redlined" by locating its branches and selecting mortgage brokers almost exclusively outside of majority black and Hispanic neighborhoods. -
Consumer Financial Protection Bureau finds arbitration clauses violate consumer’s rights, proposes ban
The Consumer Financial Protection Bureau (CFPB) is proposing a ban on arbitration clauses that are generally hidden in financial service contracts between consumers and financial institutions offering student loans, credit cards and other products. -
Mortgage community not impressed with new CFPB regulations
The changes, announced last week, will help consumers in rural areas access the mortgage credit they need. -
CFPB announces new rules to increase access to credit in underserved markets
WASHINGTON, D.C. (Legal News Line) – The Consumer Financial Protection Bureau announced Tuesday changes to mortgage regulations to ensure responsible lending by small creditors.