Nov 26, 2021 | Federal Regulation, News
CFPB Sues Pawn Lenders for MLA Violations Earlier this month, the Consumer Financial Protection Bureau (CFPB) sued FirstCash, Inc. and Cash America West, Inc., two pawn lenders that the Bureau alleges violated the Military Lending Act (MLA) by charging active-duty...
Nov 22, 2021 | Federal Regulation, Financial Literacy, News
Democratic Senators Push CFPB to Reform Credit Reporting Last week, in a letter sent to CFPB Director Rohit Chopra, seven Democratic Senators urged the Consumer Financial Protection Bureau (CFPB) to take steps toward reforming the credit reporting industry....
Nov 19, 2021 | Federal Regulation, News
OCC Nominee Omarova Testifies at Confirmation Hearing Yesterday, President Biden’s nominee for the Office of the Comptroller of the Currency (OCC), Professor Saule Omarova, testified before the Senate Banking Committee at her confirmation hearing. While her nomination...
Nov 12, 2021 | Federal Regulation, Financial Literacy, News
CFPB Report Finds People of Color and Young Borrowers More Likely to Have Disputes on Credit Report The Consumer Financial Protection Bureau (CFPB) recently released Disputes on Consumer Credit Reports, part of a series of reports on consumer credit trends created...
Nov 3, 2021 | Federal Regulation, News
Chopra Names Eric Halperin and Lorelei Salas to Lead CFPB Enforcement and Supervision Divisions Consumer Financial Protection Bureau Director Rohit Chopra recently announced the appointment of Lorelei Salas and Eric Halperin, two former Obama administration officials,...
Oct 29, 2021 | Federal Regulation, News
CFPB Director Chopra Testifies Before Congress Rohit Chopra, President Biden’s newly installed Director of the Consumer Financial Protection Bureau (CFPB), testified this week on consecutive days before the House Financial Services and Senate Banking Committees in his...
