Lenders pressure borrowers into repaying student loans in full when co-signers die or declare BK, CFPB says.
If finalized, the CFPB’s proposal would extend the temporary exception until July 21, 2020.
This opinion piece looks at how new CFPB rules could induce "brain freeze" for credit union mortgage lenders.
Hints about future regulations on payday lending from CFPB indicate the rules could effectively shut down alternatives at credit unions.
The CFPB hasn't officially said it is writing new rules, but Director Richard Cordray hinted new regs are underway in a recent payday lending report.
WASHINGTON — CFPB Attorney Angela Martin tells Congress a bureau office, staffed by African Americans, is referred to internally as 'the plantation'.
Lawmakers schedule a hearing and request personnel records in response to claims of CFPB discrimination against employees.
Democrats in the House ask the CFPB's inspector general to investigate allegations of employee discrimination. The NCUA is questioned, too.
New CFPB study says more than 80% of payday loans are rolled over within 14 days. Study also says one in five payday borrowers collect monthly public benefits.
Financial Services chair points out CFPB's promises to be more transparent in call for advisory councils to be open to the public.