Overdraft protection and fees are one of the top items on the regulatory agenda of the Consumer Finance Protection Bureau this year that credit unions will be watching closely.
Wells Fargo and JPMorgan Chase receive order to pay $35.7M in penalties for illegal mortgage kickbacks.
Lower overdraft fees and expanded opt-in are possible provisions of a new overdraft rule, expected from the CFPB mid-year.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.
The CFPB releases a report critical of current DoD lending protections with its MLA comment letter.
Committee calls on several government agencies to address loan servicing and debt collection issues.
CFPB report finds 1,045 agreements in place in 2009 compared to 336 in 2013.
Consumer Financial Protection Bureau details incidents of “unscrupulous lenders” not honoring Electronic Fund Transfer Act.
Jim Nussle discusses a range of credit union issues with CFPB Director Richard Cordray.
Consumer Financial Protection Bureau Director Richard Cordray said the bureau fully intends to be the cop on the beat taking on the four Ds: Debt traps, dead-end markets, deceptive marketing and discrimination.