Consumer Financial Protection Bureau
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About Consumer Financial Protection Bureau
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U.S. House committee report slams CFPB for campaign against vehicle finance companies
The report, released last week by the House Financial Services Committee, includes internal documents showing that the “disparate impact” theory being used by the bureau to build discrimination cases against auto lenders is weak. -
CFPB explains proposal to prohibit anti-class action language in arbitration clauses
The bureau says it continues to seek feedback from stakeholders -- including consumer groups, industry groups and those representing class action lawyers -- before formally announcing a rule. -
Consumer board wants for-profit colleges accreditor to cooperate
WASHINGTON (Legal Newsline) — A federal consumer bureau is requesting that a court force an accreditor of for-profit colleges to comply with an investigation. -
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.