The bureau has denied Bank of America’s petition to set aside a civil investigative demand over possible unauthorized accounts.

In yet another volte-face, the CFPB now believes the rule limiting the president’s ability to fire the bureau’s head is unconstitutional, according to a brief filed last week by the Department of Justice.

A Florida federal judge termed a CFPB lawsuit against Ocwen Financial for widespread mortgage servicing failures as “shotgun pleading.” The court, however, allowed the CFPB to amend and refile the suit.

The CFPB recently fined Texas-based Maxitransfers Corp. $500,000 for violations of the Remittance Transfer Rule. This is the bureau’s first enforcement action under the Electronic Fund Transfer Act.

Mortgage redlining continues to be a high priority for the Pennsylvania Attorney General’s office, said a senior deputy to the AG.

A broker agreed to pay roughly $275,000 to settle allegations related to pension scams in a proposed consent order with the CFPB and the Arkansas State Attorney General.

Equifax agreed to pay up to $700 million to settle federal and state claims regarding its massive 2017 data breach. Consumers can file claims to receive cash reimbursement of up to $20,000 per consumer.

The CFPB updated its 2016 advisory notice on elder financial abuse. Though the recommendations are voluntary, companies that fail to comply might become targets of enforcement actions, attorneys warned.

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?

State attorneys general and industry groups, in rare alignment, are suggesting the CFPB continue with the current overdraft rule.