• 02.14.19

    Auto Dealer Collides With $3M Penalty for Alleged Deception

    Think again before you simplify your message to sell more cars. A $3 million fine levied in a case from the New York Department of Consumer Affairs (DCA) tells us why.

  • 01.30.19

    CFPB News: Constitutionality, Military Lending, Enforcement and More

    While the dispute over the constitutionality of the Bureau of Consumer Financial Protection’s (CFPB or Bureau) structure continues to rage, the Bureau continued to make other news, releasing a report on the Ability to Repay and Qualified Mortgage rule, while Director Kathy Kraninger asked ...

  • 01.16.19

    New Year, New CFPB? Kraninger Memo Sparks Debate

    Perhaps setting the tone at the Bureau of Consumer Financial Protection (CFPB or Bureau), new Director Kathy Kraninger urged Bureau employees to “vigorously enforce the law” but refrain from presuming guilt about industry participants.

  • 01.03.19

    CFPB 2018 Year in Review, and What to Expect in 2019

    Let’s call it molasses. Because that is what the Trump administration figuratively poured into the consumer protection engine known as the CFPB. 

  • 12.19.18

    CFPB: Name Restored, Kraninger Takes Helm, Enforcement and No-Action

    It’s official: The Bureau of Consumer Financial Protection (CFPB or Bureau) has its second formal director following the Senate confirmation of Kathy Kraninger.

  • 12.19.18

    State Enforcement: Attorneys General Tackle Pension Sales and Robosigning

    State regulatory oversight continues, with Virginia Attorney General Mark R. Herring winning a $50 million court order, albeit by default judgment, against a pension sale company and a coalition of 42 state attorneys general working together to reach a deal over unlawful debt collection.

  • 12.05.18

    CFPB News: Enforcement Action, Favorable Amicus, Possible Director Vote

    Have we seen the last of Mick Mulvaney as acting head of the Bureau of Consumer Financial Protection (CFPB or Bureau)?

  • 11.27.18

    CFPB: Payday Lending Rule, New Report and MLA Concerns

    This week in news from the Bureau of Consumer Financial Protection (CFPB or Bureau), a Texas federal court granted a stay of the compliance deadline for the Payday, Vehicle Title and Certain High-Cost Installment Loans Rule, allowing the industry to breathe a sigh of relief.

  • 11.27.18

    State Update: Enforcement, Oversight by States Continues

    State attorneys general continue to fill the federal enforcement void, with the Pennsylvania attorney general soliciting redlining complaints and the attorney general in New York reaching a $65 million deal with a bank over incentivized compensation.

  • 11.07.18

    CFPB News

    The Bureau of Consumer Financial Protection (CFPB or Bureau) may have changed its name under Acting Director Mick Mulvaney, but its recent enforcement action against a small-dollar lender in Tennessee makes it look just like the old CFPB.