Links in “CFPB”
- FTC Does Not Intend to be Upstaged by CFPB
FTC signals it won't be taking a backseat to the CFPB when it comes to FDCPA enforcement with its annual summary of debt collection practices. [3/6]
- CFPB to Credit Furnishers: Investigate, Don’t Just Delete, Disputed Items
The Fair Credit Reporting Act investigation is important, according the CFPB, to provide a critical check on the accuracy of systems and following through on other required elements of the dispute response, such as notifying all credit reporting agencies of the inaccurate information. [3/5]
- CFPB’s Cordray: Free Credit Reports Would Benefit Overall Economy
Free credit scores would yield better educated consumers less likely to default and more likely to participate in the national credit economy, according to CFPB's director. [3/5]
- CFPB Promotes “Fairness, Transparency, and Choice” for Consumers
Latest CFPB remarks on leveling the playing ground for banks, credit unions and non-banks and the key efforts of the Bureau to "recalibrate the relationship between consumers and financial service providers by ensuring it is grounded in fairness, transparency, and choice." [3/5]
- Backlash against Movement to Replace CFPB Director with 5-Member Commission
Those opposed to reforming the CFPB say the effort seeks to undermine "this successful new consumer watchdog." [3/3]
- DOJ and CFPB Subpoena PNC
PNC Financial Services Group says the subpoena regards the return rate for its payment-processor clients to determine whether PNC may have facilitated fraud committed by third-parties against consumers. [3/3]
- CFPB Goes After For-Profit Education Company
CFPB drops the hammer on ITT Educational Services over alleged predatory lending practices, accusing the for-profit educator of violations on the ban against unfair, deceptive or abusive practices by strong-arming students into high-interest loans, among other allegations. [3/3]
- CFPB Logs 31,000 Credit Reporting Complaints
11-page report shows 31,000 out of 289,000 complaints received (11%) are related to credit reporting. Report fuels CFPB's call for greater transparency for consumers in accessing and knowing information contained in consumer credit reports. [2/28]
- CFPB’s Call Out for Credit Scores for Consumers from Credit Card Companies
CFPB called for credit card companies to make credit scores and related content freely available to their consumers. This on the heels of reports that credit reporting issues are the top complaint received from consumers to the Bureau. CFPB notes that knowledge of their reports is key for consumers and seeks enhanced clarity and awareness. [2/28]
- Cordray Encourages Employers to Help Employees with Financial Education
CFPB director's Field hearing presentation says implementing such programs is the "smart thing for employers and their business." [2/28]
