Tag Archives: CFPB

Third Circuit Says CFPB May Investigate the Totality of a Target’s Business Conduct

Earlier this week, the Third Circuit rejected student loan servicer Heartland Campus Solutions, ECSI’s challenge to a CFPB civil investigative demand (CID), which sought information concerning ECSI’s “servicing of student loans, including processing payments, charging fees, transferring loans, maintaining accounts, … Continue reading

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CFPB found unconstitutionally structured and incapable of pursuing enforcement action in New York [link to opinion]

U.S. District Court in New York finds that the CFPB lacks authority to bring enforcement action because its composition violates the Constitution’s separation of powers,” and dismisses CFPB’s claims. https://www.citizen.org/sites/default/files/consumer-financial-protection-bureau-et-al-v-rd-legal-funding-llc.pdfThis is an action by Plaintiffs Consumer FinancialProtection Bureau (the “CFPB”) and … Continue reading

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CFPB techies blast talk of taking down complaint portal

FCW.com: “…Created by the 2010 Dodd-Frank law, the Consumer Financial Protection Bureau is one of the first federal examples of bringing in outside tech talent to deliver government services. “If you’re going to build a government agency from scratch, you’re … Continue reading

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No Changes to CFPB This Year

In a statement on Thursday, April 26, a key House Republican on CFPB issues effectively admitted that despite his own efforts and those of the Trump Administration including Acting CFPB Director, Mick Mulvaney, Congress will almost certainly make no changes … Continue reading

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Public access to CFPB Consumer Complaint Database may end according to Mulvaney

The New York Times: “Financial companies have worked to diminish the Consumer Financial Protection Bureau’s powers since the day the agency was created. Now, they’re on the brink of having one of their top demands granted: an end to the … Continue reading

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