Full DC Circuit Rules CFPB Structure Constitutional
← Previous Article Next Article → By a vote of 7-3, an en banc D.C. Circuit Court ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is constitutional, overturning a panel decision last year that found the CFPB’s director must be...
Trump Nominees to Key Financial Regulatory Posts Met with Mixed Reactions
← Previous Article Next Article → Earlier this week, the Senate confirmed Jerome Powell as the next chair of the Federal Reserve Board. Powell easily managed the confirmation process and his moderate stance on many monetary issues made him a palatable...
NYDFS Announces Enforcement Ramp Up in Wake of CFPB About-Face
← Previous Article Next Article → Maria Vullo, Superintendent of the New York Department of Financial Services (NYDFS), issued a press release on January 25th vowing to “safeguard the financial services industry” and “continue to lead and take action to fill...
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...
