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CFPB And NY AG Announce Lawsuit Over Debt Collection Scheme

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The Consumer Financial Protection Bureau announced Wednesday (Nov. The CFPB wants to shut down the operation and to obtain compensation for the victims. Today, we are taking action against the ringleaders of this operation so they can no longer prey upon vulnerable consumers.

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CFPB Delays Underwriting Provisions For Payday Rule

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The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. Compliance is being delayed 15 months, to Nov. The CFPB is also correcting several errors in the rule. The Consumer Bankers Association (CBA) commended the delay. The Consumer Bankers Association (CBA) commended the delay.

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CFPB Set To Sue Santander Over Auto Protection Product

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The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank, claiming the bank has overcharged its car loan customers. Citing sources familiar with the CFPB’s plans, Reuters reported that the CFPB suit could happen as soon as Monday (Nov.

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Two Obama Officials Are Frontrunners For Biden's Top Antitrust Job

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Biden’s transition agency review team for the Federal Trade Commission and the DOJ met Nov. Biden has also called for the creation of a Public Credit Reporting Agency within the Consumer Finance Protection Bureau (CFPB) in which nontraditional data sources like utility bill payments would be tapped to help lenders in making decisions.

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Executive Order Looms For Social Media Firms On Content? 

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CFPB and Payday Lending. The repayment provisions of the Consumer Financial Protection Bureau’s (CFPB) payday lending rule will not be in place as of today, which had been the date mandated in regulations announced two years ago. The compliance date has been pushed back to Nov. District Judge Lee Yeakel.

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New York Venture Bank Seeks National Bank Charter

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According to a Wednesday (Nov. Raj Date, former deputy director at the Consumer Financial Protection Bureau (CFPB), would serve as a director, while Edward Carpenter, chairman and CEO of Carpenter & Co., Its proposed president and CEO, Judith Erwin, is a former executive at Square 1 Financial.

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CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit

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Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. The regulation cited by the CFPB is within a federal law that standardizes how lenders convey the cost of borrowing to consumers. In the advisory opinion , the CFPB said that per data from the Bureau of Labor Statistics, nearly two-thirds of U.S.

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