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Home » Topics » News » Inside the CFPB

Inside the CFPB
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Debt Collectors Caught for Illegal Collections

July 29, 2019
Yemeng Yang
The CFPB and New York attorney general together fined debt collectors more than $60 million for illegal collection practices in a recent enforcement action.
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Industry Urges NYDFS to Align Rules with CFPB

July 15, 2019
Yemeng Yang
The mortgage industry has urged the New York Department of Financial Services not to go beyond the CFPB in terms of regulating mortgage servicers.
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Debt-Settlement Firm Fined $25M for Misleading Consumers

July 15, 2019
Yemeng Yang
Freedom Debt Relief agreed to settle allegations that it misled consumers who participated in its debt settlement program and charged fees without settling debts as promised.
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Algorithms Come Under Fair Lending Scrutiny

July 15, 2019
Yemeng Yang
The bureau is monitoring lending models and algorithms to prevent discrimination and boost access to credit.
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Consumer Complaints Increase in the Second Quarter

July 15, 2019
Yemeng Yang

Reversing the trend of the previous year, consumer complaints filed with the CFPB in-creased in the second quarter, according to an analysis by Inside the CFPB.


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Kraninger Trims Spending in First Half of 2019

July 15, 2019
CFPB Director Kathy Kraninger exercised spending cuts across divisions except for consumer education and the office of director.
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Shift in Enforcement Activity Under Kraninger

July 15, 2019
Yemeng Yang
There has been a huge decline in enforcement actions and civil money penalties imposed by the CFPB in the first six months of 2019. What does this say about the bureau’s enforcement trend?
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Credit Reporting Bills Pass House Committee

July 15, 2019
Yemeng Yang
The House Financial Services Committee passed four bills aimed at reforming the credit reporting system. They are expected to pass the full House, but their fate in the Senate is uncertain.
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State AGs Seek Continuation of Overdraft Rule

July 15, 2019
Yemeng Yang
State attorneys general and industry groups, in rare alignment, are suggesting the CFPB continue with the current overdraft rule.
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Other News in Brief

July 15, 2019
Yemeng Yang
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