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Tag Archives: Consumer Financial Protection Bureau

New federal study makes case for student loan relief

A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.

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Several groups file suit challenging CFPB’s authority

WASHINGTON – Several organizations have filed a federal lawsuit challenging the constitutionality of the provisions of the Dodd-Frank financial reform law that created a consumer watchdog agency with broad authority to regulate mortgages, credit cards and other consumer financial products ...

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Federal agencies: FCRA is constitutional

WASHINGTON – In a joint brief filed in a Pennsylvania district court case challenging the Fair Credit Reporting Act, three federal agencies have urged the court to find the law constitutional.

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CFPB opens public inquiry on use of arbitration clauses

WASHINGTON – The Consumer Financial Protection Bureau wants to know what you think about arbitration clauses. The Bureau kicked off an effort to study the effects of arbitration clauses in credit card agreements, mortgage contracts and other financial products by ...

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ABA voices concern over CFPB regulation on confidentiality

WASHINGTON – The American Bar Association is objecting to language in a proposed rule from the Consumer Financial Protection Bureau governing confidential treatment of information obtained from persons in connection with the exercise of the agency’s authority.

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ABA urges Congress to set CFPB privilege standard

WASHINGTON – The American Bar Association is urging Congressional lawmakers to adopt legislation that would establish a standard for the treatment of privileged information by federal financial agencies, including the Consumer Financial Protection Bureau.

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Proposed rule targets debt collectors, credit agencies

The new federal consumer protection bureau has proposed a rule that would place large-scale debt collectors and consumer reporting agencies under its “nonbank” supervision program.

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Recess appointment lawsuits leave NLRB, CFPB in flux

WASHINGTON – Lawsuits challenging the validity of President Barack Obama’s recess appointments to two major federal agencies have cast a cloud of uncertainty over opinions and regulations being handed down and could result in years of additional litigation that will ...

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