The right seems to be scrambling to attack the Consumer Financial Production Bureau. It's not going well at all.
A day after The Wall Street Journal attacked the Consumer Financial Protection Bureau for attempting to rein in racial bias in auto loan practices, Politico questioned the agency for seeking advice from a consumer advocacy group that...Show More Summary
The Wall Street Journal editorial board championed a Republican-led effort to stop what it called an "outrageous regulatory campaign" by the Consumer Financial Protection Bureau, which aims to facilitate compensation for Americans who...Show More Summary
One of the highlights (?) of the Republican debate Tuesday night didn't actually happen on the stage, but during a commercial break when a truly bizarre attack ad ran. The ad is like something out of "1984" or Terry Gilliam's "Brazil," showing a room full of robotic bureaucrats stamping "DENIED" on loan applications. Show More Summary
Elizabeth Warren launched a tweetstorm in response to an ad that ran frequently during Tuesday's GOP presidential debate that portrayed her as a Communist dictator and slammed the Consumer Financial Protection Bureau, the watchdog agency...Show More Summary
A conservative group that has spent heavily to elect Republicans is funding a half-million ad campaign criticizing the Consumer Financial Protection Bureau, a federal watchdog agency. The ads are set to blanket Tuesday night's Fox Business Network/The Wall Street Journal Republican presidential debate.
The federal Consumer Financial Protection Bureau is investigating Russell Simmons' prepaid debit card after a glitch blocked user access for nearly two weeks, according to Rolling Stone.
The Consumer Financial Protection Bureau is investigating RushCard, a prepaid debit card founded by hip-hop impresario Russell Simmons, and marketed to low-income Americans without regular bank access. Nearly two weeks after hundreds...Show More Summary
After hundreds of thousands of RushCard customers were unable to access their money, the Consumer Financial Protection Bureau said Friday that it's taking "direct action" to "make consumers whole."
Federal regulators are probing the technical failures at RushCard, the prepaid debit card startup founded by hip-hop mogul Russell Simmons. A statement from the Consumer Financial Protection Bureau on Friday revealed the regulator is looking...Show More Summary
It’s been nearly two weeks since Russell Simmons’ RushCard mysteriously froze their financial accounts and left their customers without access to their funds. Now, the Consumer Financial Protection Bureau is stepping in to suss out what the fuck is going on. Read more...
You'll never guess who's going around Washington, trolling the halls of Congress, talking about the importance of protecting the long-term health of the Consumer Financial Protection Bureau. The banking industry. That's right: AfterShow More Summary
Now that the implementation deadline for the Consumer Financial Protection Bureau’s (CFPB) Know Before You Owe rule has come and gone, regulatory compliance is a top concern for all real estate and mortgage industry professionals. Snapdocs, provider of an automated loan closing platform, says it can help alleviate some of that pressure for everyone at the closing table...
Embracing the benefits of technology can potentially provide a smoother, more efficient closing process for borrowers as well as less delays and costs for lenders. Let's review in detail a recent Consumer Financial Protection Bureau (CFPB) study, where mortgage eClosings were associated with higher scores for certain aspects of the consumer experience. ...
Sen. Chuck Schumer called on the federal Consumer Financial Protections Bureau Monday to launch a probe into ATM fees.
Unveiling a plan to ban the use of arbitration clauses that rule out class actions, the federal Consumer Financial Protection Bureau behaves as a Plaintiff’s Lawyer Protection Bureau [Andrew Pincus, Chamber’s Institute for Legal Reform] More: Boston Globe, Alison Frankel, Reuters. Show More Summary
Privacy groups want the Consumer Financial Protection Bureau and the Federal Trade Commission to get involved.
According to a new report, Wells Fargo is the latest big-name bank to be scrutinized as part of the Consumer Financial Protection Bureau’s ongoing investigation into student loan servicing practices. The Wall Street Journal, citing people...Show More Summary
On the Web Sue the Bank? You May Get Your Shot - Wall St. Journal - "The Consumer Financial Protection Bureau is moving toward new rules giving borrowers more rights to sue banks and credit-card companies..." On the Wires Non-Cash Payments...Show More Summary