Mulvaney Wants States to Lead Consumer Enforcement in Speech to State AGs
← Previous Article Next Article → Interim Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney stopped at the National Association of Attorneys General meeting this week to speak with top state litigators about future priorities and policy...
New Research Spotlights Debt Collection Complaints and How Companies Respond
← Previous Article Next Article → A recent report by WebRecon analyzed January 2018 complaints to the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). January saw nearly 5,000 consumer complaints to the CFPB, an increase of...
Third Circuit Refuses to Enforce CashCall Arbitration Clause
← Previous Article Next Article → The Third Circuit this week affirmed a district court ruling that found an arbitration clause in a loan agreement for Western Sky/CashCall was unenforceable, due to the fact the clause disavowed federal and state law in...
DOJ Files Brief as DC Circuit Preps for Arguments in CFPB Leadership Squabble
← Previous Article Next Article → The U.S. Department of Justice this week filed its opposition brief to an appeal made by Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English in her bid to unseat Mick Mulvaney as interim director of...
Banks Are Not the Solution to Responsible Small Dollar Credit
← Previous Article Next Article → Earlier this month, Pew Charitable Trusts, an organization founded on religious conviction and oil profits, published a report advocating for an increased presence from banks and credit unions in alternative financial...
CFPB Report Looks at Impacts of Accurate Public Records in Credit Scoring
← Previous Article Next Article → After a lawsuit initiated by 30 state attorneys general a few years ago, the three major credit bureaus, TransUnion, Experian, and Equifax, instituted the National Consumer Assistance Plan (NCAP) to address inaccuracies in...
Dems Attempt to Federally Enforce State Usury Laws with Introduction of SAFE Lending Act
← Previous Article Next Article → A group of Democratic senators and representatives, lead by Senator Jeff Merkley introduced a bill on February 13th called the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act of 2018 that would require small dollar...
Madden Fix Bill Passes House, Seeks to Restore Valid When Made Doctrine
← Previous Article Next Article → The House this week passed the Protecting Consumers’ Access to Credit Act of 2017 in the hopes of overturning a court decision in the Second Circuit that previously refused to extend the National Bank Act’s rate exporting...
