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Home » Topics » Inside the CFPB » Enforcement

Enforcement
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New SCOTUS Petition on CFPB Constitutionality

October 7, 2019
Yemeng Yang
All American Check Cashing’s petition before the SCOTUS presents a new question: what is the remedy if the bureau’s leadership structure is found to be unconstitutional?
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CFPB Steers Middle Ground in Enforcement, New Suits

October 7, 2019
Yemeng Yang
CFPB Director Kathy Kraninger has adopted a balanced approach in public enforcement actions in recent months, according to an analysis by one law firm.
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Three Innovation Policies Finalized

September 23, 2019
Yemeng Yang
The bureau has finalized three policies in order to promote innovation in the financial services industry.
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First No-Action Letter Issued Under New Policy

September 23, 2019
Yemeng Yang
The CFPB issued its first no-action letter under a new policy, which promises regulatory relief under RESPA.
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BofA Investigated for Possible Phony Accounts

September 23, 2019
Yemeng Yang
The bureau has denied Bank of America’s petition to set aside a civil investigative demand over possible unauthorized accounts.
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CFPB Won’t Defend its Constitutionality Before SCOTUS

September 18, 2019
Yemeng Yang
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.
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CFPB-Ocwen Suit in Peril for Shotgun Pleading

September 9, 2019
Yemeng Yang
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.
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CFPB Fines Firm for Violation of Remittance Rule

September 9, 2019
Yemeng Yang
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.
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Pennsylvania AG Continues to Focus on Mortgage Redlining

September 9, 2019
Yemeng Yang
Mortgage redlining continues to be a high priority for the Pennsylvania Attorney General’s office, said a senior deputy to the AG.
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CFPB Bans Broker for Cheating Veterans

August 26, 2019
Yemeng Yang
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.
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