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Saturday, December 14, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: consumer financial protection bureau

UPDATED: Wed., Feb. 6, 2019

Financial watchdog proposes rollback of payday lending rules

The nation’s federal financial watchdog said Wednesday that it plans to roll back most of its consumer protections governing payday lenders.

Trump’s pick to run consumer watchdog faces skeptical Senate

Kathy Kraninger, President Donald Trump’s nominee to take over the nation’s watchdog for banks, credit cards and payday lenders, made her public debut in front of the Senate Banking Committee …

UPDATED: Fri., July 6, 2018

Leandra English, who sued Trump, to resign from CFPB

Leandra English, the deputy director of the Consumer Financial Protection Bureau who unsuccessfully sued President Donald Trump for control of the consumer watchdog agency, said Friday she plans to resign …

UPDATED: Fri., June 29, 2018

Citigroup to refund $335 million to credit card customers

Citigroup is agreeing to refund $335 million to a group of customers who may have been overpaying interest on their credit cards.

Trump to nominate OMB official to lead consumer watchdog

President Donald Trump intends to nominate an associate director at the Office of Management and Budget to lead the government’s consumer watchdog agency, the White House announced Saturday.

Trump expected to name new CFPB chief next week, Mulvaney says

President Donald Trump will likely name his pick to run the Consumer Financial Protection Bureau next week, according to Mick Mulvaney, the agency’s interim leader.

Mick Mulvaney does not want you to see complaints against banks that bankrolled his campaigns, report says

A review of Mulvaney’s campaign contributions finds some overlap between the two issues: Eight of the 10 companies subject to the most consumer complaints about their banking practices contributed to …

Under Trump, a voice for the American consumer goes silent

In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt …

U.S. appeals court gives victory to consumer finance agency

A federal appeals court has handed a victory to the government’s beleaguered consumer finance watchdog agency, ruling that its director’s power isn’t excessive and the president shouldn’t have freer rein …

Mulvaney’s first funding request for the Consumer Financial Protection Bureau: zero

In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing.

UPDATED: Wed., Jan. 17, 2018

Entire operation of federal consumer regulator under review

The Trump-appointed acting director of the Consumer Financial Protection Bureau says the entire operational structure and philosophy of the federal government’s consumer watchdog agency is now under scrutiny.

UPDATED: Tue., Nov. 28, 2017

Judge sides with Trump’s pick to take over consumer agency

President Donald Trump scored a victory Tuesday when a federal judge refused to block the president’s choice to temporarily run the nation’s top consumer financial watchdog and, for the moment, …

UPDATED: Mon., Nov. 27, 2017

Two fight for control of consumer watchdog; court to weigh in

With emails, tweets and doughnuts, the two dueling acting directors battled for control of the nation’s top financial watchdog agency, the Consumer Financial Protection Bureau, on Monday.

UPDATED: Sat., Nov. 25, 2017

Who’s the boss come Monday at consumer agency?

Who’s the boss? That’s the awkward question after the departing head of a government agency charged with looking after consumers’ rights appointed a deputy to temporarily fill his spot. The …

UPDATED: Fri., Nov. 24, 2017

Consumer watchdog head names a successor, and Trump does too

The director of the Consumer Financial Protection Bureau resigned Friday and named his own successor, leading to an open conflict with President Donald Trump – who announced a different person …

AP source: Mulvaney to temporarily lead consumer agency

White House budget director Mick Mulvaney is expected to take on a second role in the Trump administration as acting director of a consumer financial agency created by the Obama …

Editorial: GOP disarms little guy in bank fights

You cannot band together with other aggrieved parties and go to court, even if there’s a demonstrated pattern of abuse by the corporations affecting millions of customers.

Don’t be fooled into paying big pay-by-phone fees

The nation’s consumer watchdog agency recently issued a bulletin warning companies against tricking customers into paying expensive and unnecessary pay-by-phone fees.

Federal regulator moves to mostly ban arbitration clauses

Under a federal rule issued Monday, the Consumer Financial Protection Bureau decided to ban most types of mandatory arbitration clauses, which require credit card or bank customers to use a …

Georgia senator targets Obama-era regulation for pre-paid credit cards

Special legislation being fast-tracked by U.S. Sen. David Perdue would take a swipe at a federal agency championed by U.S. Sen. Elizabeth Warren while also aiding a Georgia company that …

UPDATED: Thu., Feb. 9, 2017

GOP preparing plan to gut consumer protection bureau

A Republican plan to dismantle Wall Street reform would strip the Consumer Financial Protection Bureau of many of its powers, including eliminating its consumer complaint database and scaling back its …

Dana Milbank: Wells Fargo earns bipartisan contempt

The bank’s fraud, and the executive’s insolence, may have one salutary result: It takes off the agenda any plan to dismantle the Consumer Financial Protection Bureau.

Outside View: Wells Fargo proves oversight needed

The executive who oversaw the community banking division, Carrie Tolstedt, is walking away later this year with a $125 million retirement package.

Regulators fine BancorpSouth $10.6 million for redlining

The Department of Justice and the Consumer Financial Protection Bureau fined Mississippi-based BancorpSouth $10.6 million, alleging the bank deliberately discriminated against minorities in its lending practices.

Payday lenders face federal restrictions in aim to protect borrowers

Federal regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans, saying borrowers need to be protected from practices that wind up turning into “debt …