Peer-to-Peer Consumer Financial Protection Bureau

News & Analysis as of

CFPB Accepting Online Marketplace Lending Consumer Complaints

On March 7, the CFPB announced that it is now accepting consumer complaints regarding the online marketplace lending industry. The CFPB simultaneously released a consumer bulletin defining the online marketplace lending...more

The CFPB Releases Consumer Bulletin on Marketplace Lending and Announces It Is Accepting Consumer Complaints

On March 7, 2016, the Consumer Financial Protection Bureau (the “CFPB”) released a consumer bulletin with information and tips for consumers of marketplace lending. The bulletin provides consumers with an overview of the...more

Marketplace Lenders Next on the CFPB Chopping Block

The CFPB’s actions are likely the first steps in identifying consumer issues with marketplace lenders. The Consumer Financial Protection Bureau (CFPB or Bureau) is flexing its muscles once again, and this time the target...more

CFPB Begins Accepting Consumer Complaints Related to Online Marketplace Lenders

On March 7, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it now accepting complaints from consumers related to problems with loans from online marketplace lenders. The CFPB also announced the release...more

CFPB Orders Subsidiary of Peer-to Peer Lending Company to Provide $700,000 in Restitution over Practices Related to its Health...

On August 19, the CFPB announced a consent order against a subsidiary of an online lending company, ordering the subsidiary to provide $700,000 in monetary relief to affected consumers. According to the CFPB, the subsidiary...more

Banking And Financial Services E-Note - January 24, 2013

In This Issue: - Fed Governor Seeks to Regulate Banks Beyond Dodd-Frank - Small Banks Worry of "Walmartization" from Dodd-Frank Act - FDIC Passes Appraisal Standards for Higher-Risk Mortgages - Community Banks...more

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