Industry Trade Groups Want Consumers to Contact Firms First, Not the CFPB July 25, 2018 Yemeng Yang “Customers are more promptly and efficiently served when they contact their financial institution directly with a concern,” said the American Bankers Association…Read More
Mortgage Complaints Filed with the CFPB Plunge. Wells Still #1 July 24, 2018 Yemeng Yang In terms of consumer ire, Wells Fargo was the complaint market leader…Read More
CFPB Nominee Kraninger Lays Out Her Priorities July 19, 2018 Paul Muolo and Yemeng Yang Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...Read More
CFPB to Shrink Advisory Group Memberships, Cut Costs by More Than Half July 18, 2018 Yemeng Yang The budget for the three advisory groups will be limited to $150,000 each per year.Read More
Financial Services Industry Wants ‘Binding’ Guidance from the CFPB July 12, 2018 Yemeng Yang The American Bankers Association argues the CFPB should acknowledge the bureau is bound by the guidance it issues…Read More
CFPB Deputy Director English Announces Resignation. Her Legal Challenge Ends July 9, 2018 Yemeng Yang Last fall, English was named the CFPB’s deputy director by departing Director Richard Cordray... Read More
On the Decline: Mortgage and Student Loan Complaints July 9, 2018 Yemeng Yang Gripes against Experian came in at 14,914 over the six-month period…Read More
CFPB Set to Implement HMDA Relief Later This Summer July 6, 2018 Yemeng Yang The relief comes from the Dodd-Frank reform act, which was signed into law in May...Read More
Despite Favorable Court Rulings, Questions Remain on Marketing Services Agreements July 3, 2018 Yemeng Yang The RESPA statute and existing regulations still clearly prohibit payments for referrals…Read More
Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19 June 29, 2018 Yemeng Yang “It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.Read More