Tag Archives: CFPB

Tuesday, September 2, 2014

CFPB announces new leaders, advisory board members

cfpb

The CFPB announced last week the appointment of new leaders within the agency as well as consumer finance experts to the CFPB’s advisory boards for consumers, community banks and credit unions. New senior leader appointments include Patricia McClung, a former … Read More…

Thursday, August 21, 2014

CFPB seeks approval to collect info for teacher financial literacy training

Financial Education

The CFPB recently requested comment on a proposal to collect information that could help train K-12 teachers to teach and incorporate lessons in financial education as part of an effort to improve the financial capabilities of young people. According to … Read More…

Monday, August 18, 2014

Amerisave, Novo ordered to pay $20 million for alleged lending scheme

Amerisave

Amerisave Mortgage Corp. and affiliate Novo Appraisal Management Company, along with their owner, were recently ordered by the CFPB to pay out more than $20 million in penalties and refunds for allegedly operating a bait-and-switch mortgage-lending scheme. According to the … Read More…

Wednesday, August 13, 2014

CFPB warns consumers of risks associated with digital currencies

Bitcoin

The CFPB flagged bitcoin and other digital currencies on Monday in a consumer advisory because of a lack of federal deposit or share insurance, telling consumers that the government will not back any related losses. The agency said that while … Read More…

Monday, August 11, 2014

CFPB launches nationwide social services financial education campaign

Financial Education

The CFPB recently launched a nationwide education campaign to train social services staff to provide financial education and tools to low-to-moderate income customers. The CFPB, which has partnered with national and local organizations on the effort, said public social services … Read More…

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