Tag Archives: CFPB

Monday, July 21, 2014

CFPB’s Cordray discusses plan to allow complaint narratives

Richard Cordray

During a field hearing held in El Paso, Texas, last week, CFPB Director Richard Cordray discussed the agency’s complaint system and plans to allow consumer stories to be shown in the public database. The CFPB said in a press release … Read More…

Thursday, July 17, 2014

CFPB files suit against Georgia-based debt collection “mill”

CFPB_Logo

The CFPB filed a suit on Tuesday against a Georgia-based debt collection firm that allegedly used illegal tactics to intimidate consumers into paying debts not owed. Frederick J. Hanna and Associates, as well as its three principal partners, initiated hundreds … Read More…

Wednesday, July 16, 2014

Financial groups urge CFPB to alter approach to privacy disclosure

cfpb

Several financial services trade groups urged the CFPB on Monday to consider an alternate approach to simplifying the annual privacy notice requirement under the Gramm-Leach Bliley Act. A letter signed by the American Bankers Association, Consumer Bankers Association, Financial Services … Read More…

Tuesday, July 15, 2014

CFPB takes enforcement action against ACE Cash Express

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The CFPB took enforcement action against ACE Cash Express, one of the largest payday lenders in the U.S., last week in a case alleging the lender harassed and pressured overdue borrowers into taking out more loans. CFPB Director Richard Cordray … Read More…

Thursday, July 10, 2014

CFPB issues rule to clarify inheritance regulations for mortgages

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The CFPB issued an interpretive rule on Tuesday to clarify inheritance rules for mortgages in the event of a family member’s death. Under the rule proposed by the CFPB, the name of the borrower’s heir may generally be added to … Read More…

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