Links in “CFPB”
- CFPB Takes Preventative Measures
The CFPB has released multiple letters to companies cautioning them to take a closer look at their advertisements and practices regarding military lending to ensure compliance. [7/21/15]
- RIP Morgan Drexen
Morgan Drexen, a debt settlement company, has gone out of business after being sued by the CFPB in 2013 and filing for bankruptcy in 2015. If youâre a customer of Morgan Drexen this article will tell you what your next steps should be. [7/21/15]
- CFPB Rule Exemptions Pushed by New Bill
The CFPB is unwilling to exercise exemptions to credit unions, and credit unions are feeling that burden. Now CUNA and NAFCU have come together in letters to Congress saying that it is time to force the CFPB to enact such exemptions. And it looks like Congress is listening. [7/20/15]
- CFPB Launches Monthly Complaint Report
The report is described as "the first in a new series of monthly reports to highlight key trends from consumer complaints submitted to the Bureau." The report is meant to provide overall data on complaint volume, as well as spotlighting particular products and locations. [7/20/15]
- New Bill to Strengthen CFPB Small Creditor Exemption
An NAFCU backed bill was introduced with intent to strengthen the small creditor exemption under CFPB regulations by applying it to all credit unions with assets of less than $10 billion. Â [7/16/15]
- Happy Birthday, CFPB!
The CFPBâs hits its four-year mark on July 21, but they arenât waiting to celebrate! This article details everything the CFPB has done for you, and donât worry, theyâll be releasing more articles like this up until their four-year mark. [7/16/15]
- Cordray to Senate: We Have Plenty of Oversight Already, Thanks
Testifying before the Senate, CFPB Director Cordray counters challenges that the bureau lacks oversight, citing a GAO audit, its own inspector general, and being called to testify before the House and Senate. He was also grilled about cost overruns at the CFPB's HQ renovations. [7/16/15]
- CFPB to New Immigrants: Welcome, Now Let’s Talk About Money
The CFPB develops four guides to help new immigrants with their basic money decisions. [7/16/15]
- NAFCU Calls For Dodd-Frank Relief
The NAFCU reiterated to congress its strong opposition to the idea of placing credit unions under CFPB authority; instead, a spokesperson pressed for expansion of CFPB exemption efforts so all credit unions may be exempt from various CFPB rule-making. [7/15/15]
- CUNA to Congress on CFPB: Consumer Protection? Try Consumer Pain
CUNA argues that consumers are harmed when the CFPB keeps credit unions from serving them. This was the message sent to the U.S. Senate Banking Committee in an advance hearing with Richard Cordray. [7/15/15]
