U.S. Chamber Issues 23 Recommendations for CFPB Reform

U.S. Chamber Issues 23 Recommendations for CFPB Reform

← Previous Article Next Article → The U.S. Chamber of Commerce, an organization representing the interests of more than 3 million businesses, issued a series of recommendations to reform the Consumer Financial Protection Bureau (CFPB). The U.S. Chamber...
In the New Look CFPB, Deposit Advance Products Attempt a Rebirth

In the New Look CFPB, Deposit Advance Products Attempt a Rebirth

← Previous Article Next Article → Deposit Advance Products (DAPs) are a form of short term credit offered by banks and credit unions that allow existing account holders to borrow small sums of money to be repaid automatically upon direct deposit of the...
Experian Rolls Out Credit Scoring for Non-Prime Consumers

Experian Rolls Out Credit Scoring for Non-Prime Consumers

← Previous Article Next Article → Experian, one of the three major credit bureaus in America, took advantage of its recent acquisition of Clarity Services, a leading provider of non-prime credit data and reporting, by announcing a new credit report for...
New Bill Would Create Commission to Oversee CFPB

New Bill Would Create Commission to Oversee CFPB

← Previous Article Next Article → A bipartisan group in Congress led by Dennis Ross (R- FL) is proposing a new bill (H.R. 5266) that would establish a five-member commission confirmed by the Senate to lead the Consumer Financial Protection Bureau (CFPB). The...
Senate Approves Dodd-Frank Reform Bill, Possibly DOA in House

Senate Approves Dodd-Frank Reform Bill, Possibly DOA in House

← Previous Article Next Article → A mostly bipartisan Senate voted yesterday 67-31 to advance a bill that would make significant changes to bank regulatory oversight provisions in the Dodd-Frank Act. The bill, led by Senate Banking Committee Chairman Mike...
Understanding the New Look CFPB

Understanding the New Look CFPB

← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) has undergone a dramatic shift in policy over the past four months since the resignation of its first and only director, Richard Cordray. The effects of these massive policy...

Pin It on Pinterest