In 2018, the CFPB shifted away from student lending supervision and enforcement. We anticipate this trend to continue in the year to come, with states seeking to fill any voids left by the Bureau....more
3/9/2019
/ Congressional Investigations & Hearings ,
Consumer Complaint Management ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Department of Education ,
Director Mulvaney ,
Enforcement Statistics ,
Federal Trade Commission (FTC) ,
FinTech ,
Loan Servicing ,
Ombudsman ,
Political Parties ,
Popular ,
Preemption ,
State Attorneys General ,
State Legislatures ,
Student Loans ,
Students ,
Trump Administration
In February 2019, the CFPB released the highly anticipated revamp of its Payday Rule, reinforcing its more lenient attitude towards payday lenders. In light of the Bureau’s softer touch, as well as similar developments at the...more
3/7/2019
/ Ballot Measures ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Director Kraninger ,
Director Mulvaney ,
Enforcement Actions ,
Federal Bank Regulatory Agencies ,
Federal Trade Commission (FTC) ,
FinTech ,
FTC Act ,
High-Interest Loans ,
Interest Rate Caps ,
Lenders ,
Military Lending Act ,
Payday Lending Rule ,
Payday Loans ,
Political Parties ,
Rescission ,
Small Loans ,
State and Local Government ,
State Attorneys General ,
Subprime Loans ,
Trump Administration ,
Underwriting ,
Usury
During his tenure, former CFPB Acting Director Mick Mulvaney brought significant changes to the Bureau’s structure and operations. As the new CFPB Director, Kathy Kraninger will have the benefit of a full five-year term to...more
3/5/2019
/ Administrative Priority ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Director Kraninger ,
Director Mulvaney ,
Enforcement Actions ,
Fair Lending ,
FDCPA ,
Financial Services Committee ,
Payday Lending Rule ,
PHH Corp. v CFPB ,
Political Parties ,
Student Loans ,
Trump Administration ,
UDAAP