CFPB Appoints Private Education Loan Ombudsman
The Consumer Financial Protection Bureau (Bureau) announced the appointment of Robert G. Cameron to serve as the Bureau’s private education loan ombudsman.
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CFPB, Arkansas State AG Settle with Brokers of High-Interest Credit Offers
The Consumer Financial Protection Bureau (Bureau) and the Office of the Arkansas Attorney General today filed a proposed settlement with Andrew Gamber; Voyager Financial Group, LLC; BAIC, Inc.; and SoBell Corp.
CFPB Extends Comment Period for Debt Collection Proposal
The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Notice of Proposed Rulemaking (NPRM) implementing the Fair Debt Collection Practices Act (FDCPA). The comment period will be extended from August 19, 2019, to September 18, 2019.
Consumer Financial Protection Bureau Releases Qualified Mortgage ANPR
The Consumer Financial Protection Bureau today issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for mortgages purchased or guaranteed by the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, in the Bureau’s Ability to Repay/Qualified Mortgage (ATR/QM) Rule.
CFPB and the New York Attorney General Settle with Debt Collection Group
The Consumer Financial Protection Bureau (Bureau) and the New York Attorney General today filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray.
CFPB, FTC and States Announce Settlement with Equifax Over 2017 Data Breach
The Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico announced a global settlement today with Equifax that would provide up to $700 million in monetary relief and penalties.
Statement by Kathy Kraninger at CFPB/FTC Equifax Settlement Press Conference
Thank you for joining us. Today’s global settlement is the result of a strong partnership between the Bureau, the Federal Trade Commission, and the states.
Consumer Financial Protection Bureau Releases Report on Third-Party Debt Collections
The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors.
Kathleen L. Kraninger's Speech at the Exchequer Club
Thank you for that introduction, and thanks for having me. I’m delighted to be here to spend time with such a distinguished group of experts and leaders in financial and economic policy.
Consumer Financial Protection Bureau Recommends Financial Institutions Report Suspected Financial Exploitation of Older Adults
The Consumer Financial Protection Bureau (Bureau) today issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older adult is the target or victim of financial exploitation.