Consumer Debt Studies Struggle to Paint Accurate Picture of Credit in America
← Previous Article Next Article → According to a survey by Bank of America, nearly half of Millennials (age 23-37) have at least $15,000 in savings, and 16% have more than $100,000 stashed in a bank. These figures have almost doubled since Bank of America...
CashCall Fined $10 Million for Payday Loan Scheme Involving Native-Owned Business
← Previous Article Next Article → A California federal judge ordered online loan servicer CashCall to pay a $10 million fine to the Consumer Financial Protection Bureau (CFPB) for violating the unfair, deceptive, or abusive acts or practices (UDAAP)...
Case Against Upper Lake TLEs Voluntarily Dismissed in Kansas Federal Court
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) voluntarily withdrew its case against four tribal lending entities (TLEs) owned and operated by the Habematolel Pomo Tribe of Upper Lake according to papers filed in the U.S....
Mulvaney Requests Public Comment on CFPB Operations
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) announced this week that the agency would begin seeking public input “to ensure the Bureau is fulfilling its proper and appropriate functions to be protect consumers.” The CFPB...
CFPB Reopens Consideration on Small Dollar Rule
← Previous Article Next Article → On the same day that it was officially codified in the Federal Register, the Consumer Financial Protection Bureau’s agreed to reopen consideration on its rule for “Payday, Vehicle Title, and Certain High-Cost Installment...
English Appeals Denied Injunction to DC Circuit in CFPB Leadership Row
← Previous Article Next Article → Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English filed an appeal to the D.C. Circuit Court disputing the denial of an injunction that would have precluded Interim CFPB Director Mick Mulvaney from...
U.S. Chamber Voices Distaste for Partisan Extremists Threatening Business Progress
← Previous Article Next Article → U.S. Chamber of Commerce CEO Thomas Donohue recently lashed out at what he felt is a growing partisan divide in Washington that threatens to hamper economic growth and business development. In particular, he singled out...
Judge Rejects Request for Injunction, Harmonizes Authority to Choose Interim CFPB Director
← Previous Article Next Article → A federal judge again this week denied a request by Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English to block current Interim Director Mick Mulvaney from leading the agency. After rejecting...
