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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Proposes Whistleblower Reward Program

March 16, 2020
Yemeng Yang
The CFPB seeks legislation to establish a reward program for whistleblowers, who could be tipped up to $10 million for providing original information that leads to a successful enforcement action.
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CFPB Rolls Out Advisory Program Despite Dems’ Objections

March 16, 2020
Yemeng Yang
The CFPB will provide financial services institutions with advisory opinions to convey its interpretation of its existing rules upon request.
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CFPB Sues Fifth Third for Opening 'Fake' Accounts

March 16, 2020
Yemeng Yang
The CFPB has filed a lawsuit against Fifth Third Bank alleging it opened deposit and credit-card accounts without consumers’ consent.
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OIG Calls for Improvement in CFPB Follow-up Monitoring

March 16, 2020
Yemeng Yang
Low staff levels make it difficult for the CFPB to conduct follow-up monitoring of previous enforcement actions, according to the bureau’s Office of Inspector General.
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Watchdog: Former CFPB Director Cordray’s Tell-all Memoir

March 16, 2020
Yemeng Yang
The Sword of Damocles hung over his head during his last year at the helm of the bureau, former CFPB Director Richard Cordray disclosed in his new book.
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Other News in Brief

March 16, 2020
Yemeng Yang

CFPB Constitutionality Case Gets its Day in Court

March 2, 2020
Yemeng Yang
The U.S. Supreme Court this week will hear oral arguments on whether the leadership structure of the CFPB is constitutional.
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DOJ Urges SCOTUS to Preserve the CFPB

March 2, 2020
Yemeng Yang
Though it believes the CFPB’s leadership structure is unconstitutional, the Department of Justice in a new reply brief urged the Supreme Court to preserve the bureau for its “critical work.”
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Mortgage Servicing Violations After Disasters Red Flagged

March 2, 2020
Yemeng Yang
The CFPB’s latest supervisory highlight report red flags mortgage servicing violations, where firms failed to provide loss-mitigation notices in time after natural disasters.
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CFPB Proposes Disclosure of Time-Barred Debt

March 2, 2020
Yemeng Yang
Debt collectors must let borrowers know they will not be sued for a debt that is too old, according to a new proposal from the CFPB.
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