CFPB Enforcement Actions Still Sending Mixed Signals on Tribal Sovereignty
← Previous Article Next Article → Under its former director, Richard Cordray, the Consumer Financial Protection Bureau (CFPB) pursued an agenda that often ignored centuries of federal recognition of tribal sovereign rights in favor of policy positions that...
Bureau Report Summarizes Consumer Complaints for 2017
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released its annual report on consumer complaints this week. The report notes that the agency fields more than 24,000 calls each month and handled over 320,000 total complaints...
Treasury Memo Tackles Redlining, Modernizing Community Reinvestment
← Previous Article Next Article → Building on the department’s report last summer recommending a number of changes to financial regulations, Secretary of the Treasury Steve Mnuchin sent a memorandum this week to senior officials at the Office of the...
Mulvaney Lays Out Agency Overhaul in CFPB Semi-Annual Report
← Previous Article Next Article → Keeping in line with recent efforts to revamp the Consumer Financial Protection Bureau (CFPB), Acting CFPB Director Mick Mulvaney turned a new corner for the consumer agency with his first semi-annual report to Congress. In...
Senate Dems Divide Again Over Reconsideration of Payday Rule
← Previous Article Next Article → As Acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney continues to reimagine the agency he temporarily oversees, another rift has opened in Senate Democrats regarding the agency’s interest in...
Bank Overdraft Fees Keep Climbing in Spite of Consumer Preferences
← Previous Article Next Article → According to statistics from Moebs Services, Americans were charged $34.3 billion in overdraft fees by financial institutions in 2017, a full $1 billion more than 2016. Fees managed to rise again despite one-third of banks...
Payday Rule Repeal Introduced in Senate
← Previous Article Next Article → Senator Lindsey Graham (R- SC) introduced a joint resolution in the Senate to utilize the Congressional Review Act (CRA) to repeal the Consumer Financial Protection Bureau’s (CFPB) rule on “Payday, Vehicle Title, and Certain...
GAO Reviews State of FinTech Regulation
← Previous Article Next Article → The Government Accountability Office (GAO), the “Congressional Watchdog” investigating the use of taxpayer money for the Legislative Branch, released a report on FinTech regulation late last week, reviewing the regulatory...
