The bureau has sent notice that financial services firms need to stay on their toes regarding data security or risk violating the Consumer Financial Protection Act.

A firm’s organizational structure and the way information is shared can have implications for the likelihood of compliance problems.

CFPB says that overdraft fees based on “unintelligible” processes and blanket policies to charge consumers for depositing checks that bounce are both likely violations of the Consumer Financial Protection Act.

Broeksmit criticizes CFPB at annual MBA conference; Senate Democrats ask for remittance rule revisions; bureau reopens payment service comments; CFPB says student borrower finances worsening.

Observable underwriting factors explain most racial and ethnic disparities in mortgage application denial rates, a new Fed study finds.

Industry attorneys believe the CFPB will appeal a Fifth Circuit opinion finding its funding structure unconstitutional. They expect the fight to end in some form of legislative arrangement.

The Fifth Circuit Court of Appeals, in ruling on the validity of a CFPB 2017 payday lending rule, found the funding structure underlying the agency’s actions unconstitutional. Depending on the results of an appeal, it could spell serious trouble for the bureau.

Mortgage Bankers Association's President and CEO Robert Broeksmit said regulations have pushed banks out of the mortgage sector and could do the same to nonbanks if regulators aren’t careful.

The American Financial Services Association defended its members following a report from the Center for Responsible Lending that criticized “high-cost installment loans.”

The CFPB alleges Active Network, used by community groups to plan events, tricked consumers into signing up for annual memberships by manipulating them.