Credit bureau Experian will pay a $3-million fine to settle a federal regulator’s claims that the firm sold credit scores that were of little or no use to consumers. The Consumer Financial Protection Bureau announced the fine and settlement Thursday. The CFPB’s allegations against Experian are...
The bureau has been doing what the president pledged to do in his campaign: protecting Americans from a system that has “robbed our working class.”
There’s another installment in the ongoing saga of PHH v. CFPB, the legal case challenging the constitutionality of the newest federal agency, the Consumer Financial Protection Bureau. And this installment is a weird one. The Department of Justice has now joined in, filing a brief…against the CFPB. Show More Summary
On Friday, the Department of Justice (DOJ) filed an amicus brief in an appeal of a case involving the Consumer Financial Protection Bureau (CFPB), a consumer watchdog, and the PHH Corp. mortgage company. In its brief, the DOJ sided with...Show More Summary
The Consumer Financial Protection Bureau is in the executive branch, but the president doesn't control it, which he says is unconstitutional. Agency supporters say independence is its strength.
In a legal brief filed on Friday, Justice Department lawyers stopped short of calling for abolishing the Consumer Financial Protection Bureau, but said its structure was unconstitutional.
The Justice Department told a federal court on Friday that President Trump should be able to fire the head of the Consumer Financial Protection Bureau, arguing the structure of the controversial independent watchdog is unconstitutional. The brief, filed in a case in which a New Jersey mortgage...
The Consumer Financial Protection Bureau (CFPB) was the brainchild of Elizabeth Warren (D-MA). It was designed to be an autonomous bureau, outside the gazing eyes of Congress in terms of oversight. The post New Bill Seeks to Create Consumer Financial Protection Bureau (CFPB) Inspector General was originally published at The Wall Street Examiner. Follow the money!
The Consumer Financial Protection Bureau (CFPB) is ordering Nationstar, owner of real estate platform Xome, to pay a $1.7 million civil penalty for failure to report accurate data on its loan transactions between 2012 and 2014, in violation of the Home Mortgage Disclosure Act (HMDA)...
The Consumer Financial Protection Bureau warns to pay close attention to their personal information on record with student loan servicers.
It was an unusual lawsuit. A mysterious business, identifying itself only as “John Doe Company” and “organized under the laws of the State of California,” sued the Consumer Financial Protection Bureau in January to keep its name and a pending investigation under wraps. The company claimed in the...
While the newest federal agency, the Consumer Financial Protection Bureau (CFPB), has been controversial for many reasons, its most troubling feature may simply be its unconstitutional structure. Its sole director reports to no oneShow More Summary
Co-authored by Larry Kirsch, Managing Director, IMR Health Economics In the wake of the recent election, the mind-boggling possibility of a return to the pre-crisis world of 2008 is now a real threat. That is precisely what would happen...Show More Summary
Protecting Dodd-Frank and the Consumer Financial Protection Bureau isn't as sexy as saving Obamacare and marriage equality, but it's nearly as imperative.
The Securities and Exchange Commission and the Consumer Financial Protection Bureau are the targets of efforts to change how they enforce the law.
The plot thickens in the ongoing battle for the Consumer Financial Protection Bureau, the controversial agency created in the wake of the 2008 financial crisis. Yesterday, a federal appeals court decided it would grant rehearing of last year’s case, PHH v. Show More Summary
The ruling states that one of the largest providers of seller-financed homes must comply with the Consumer Financial Protection Bureau. These types of sales have ballooned in poorer neighborhoods.
A federal appeals court Thursday agreed to reconsider its previous ruling that deemed the Consumer Financial Protection Bureau's operational structure unconstitutional.
A federal appeals court agreed Thursday to reconsider a decision that found the structure of the Consumer Financial Protection Bureau to be unconstitutional. It’s a reprieve of sorts for the watchdog agency created in the aftermath of the Wall Street financial crisis and now in the crosshairs of the Trump administration. The full U.S. Show More Summary
Consumer Financial Protection Bureau chief Richard Cordray won a reprieve Thursday in his effort to keep his job and retain his agency’s independence. A federal appeals court said it would reconsider its earlier ruling that would have increased the president's authority over the consumer watchdog...