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.
How will the CFPB change debt collection practices?
Bureau investigation finds some servicers divided payments to maximize late fees charged to borrowers.
Bureau reiterates focus on payday lending, concerned consumers are getting trapped in the loans.
On Oct. 20, the CFPB finalized a rule that allows financial institutions that meet requirements to post their annual privacy notices online instead of through the mail.
Credit unions and other financial institutions can post annual privacy notices online instead of through the mail.
Bureau report highlights borrower complaints on few loan modification and repayment options.
At the CFPB, a checking account is a right, not a privilege.
CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
As if credit unions didn't have enough regulatory burden already, the CFPB threw another iron into the fire when it hosted an Oct. 8 forum on checking account accessibility.