During a town hall webinar with NCUA Chairman Debbie Matz, Cordray cautions the CFPB is still undecided on any new overdraft restrictions.
Rule would expand the definition of small creditor and increase loan origination limits.
Expect the CFPB to scrutinize overdrafts, payday lending, prepaid cards, auto loans and mortgage lending.
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.