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.
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.