CFPB Issues Annual Report on Debt Collection
Late last week the Consumer Financial Protection Bureau (CFPB) issued its annual report on the agency’s administration of the Fair Debt Collection Practices Act (FDCPA). The report covers agency action in 2015, including the issuance of over $79 million in fines to...
FinTech, Regional Productivity, and the Untapped Potential of Indian Country
A recent study by the Brookings Institution, a Washington D.C. based public policy organization, analyzed productivity across the United States at the local level via the nearly 400 metropolitan areas spread across the country. The think tank noted that rising...
Hearing Update: House Questions CFPB Director on the Constitutionality of His Office – April 5, 2017
The U.S. House of Representatives Financial Services Committee met on Wednesday April 5, 2017 to discuss the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report with CFPB Director Richard Cordray. The hearing comes at a contentious time between...
CFPB Submits Brief to DC Circuit as Decision on Constitutionality Looms
Ahead of the D.C. Circuit Court’s scheduled en banc rehearing on May 24th, the Consumer Financial Protection Bureau (CFPB) submitted its brief in PHH v. CFPB to the court this week asking that the independent agency’s single director structure remain intact at least...
