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The consumer bureau said Approved Cash Advance improperly collected amounts that were five times higher the legitimate fee schedule disclosed to borrowers.
June 2 -
Think Finance, which had teamed with tribal lenders to offer high interest installment loans, could no longer make or collect on loans in states that have caps on interest rates, under terms of a proposed settlement with the Consumer Financial Protection Bureau.
February 6 -
In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance.
January 24 -
It should offer some form of guidance to spur innovation, a former official with the bureau says.
November 12Nevcaut Ventures -
It should offer some form of guidance to spur innovation, a former official with the bureau says.
November 4Nevcaut Ventures -
During a probe that grew out of the Wells Fargo scandal, BofA has acknowledged instances of "potentially unauthorized" accounts but said that the number of examples was "vanishingly small."
September 17 -
The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers.
August 30 -
Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.
August 12 -
As the Federal Credit Union Act turns 85, industry figures are working on issues related to executive compensation, UDAAP and more, all while girding for a slowdown in membership and loan growth.
June 24 -
The agency announced the series in April as an effort to encourage public dialogue on policy issues.
June 11