Stories tagged: consumer financial protection bureau
UPDATED: Wed., Feb. 6, 2019
The nation’s federal financial watchdog said Wednesday that it plans to roll back most of its consumer protections governing payday lenders.
Thu., July 19, 2018
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, 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 is agreeing to refund $335 million to a group of customers who may have been overpaying interest on their credit cards.
Sat., June 16, 2018
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.
Wed., June 13, 2018
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.
Tue., May 8, 2018
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 …
Tue., April 10, 2018
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 …
Wed., Jan. 31, 2018
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 …
Thu., Jan. 18, 2018
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
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
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
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? 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
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 …
Fri., Nov. 17, 2017
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 …
Sat., Oct. 28, 2017
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.
Thu., Aug. 10, 2017
The nation’s consumer watchdog agency recently issued a bulletin warning companies against tricking customers into paying expensive and unnecessary pay-by-phone fees.
Mon., July 10, 2017
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 …
Mon., April 17, 2017
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
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 …
Thu., Sept. 22, 2016
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.
Sat., Sept. 17, 2016
The executive who oversaw the community banking division, Carrie Tolstedt, is walking away later this year with a $125 million retirement package.
Wed., June 29, 2016
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.
Thu., June 2, 2016
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 …