Imagine waking up to find that all the rules keeping your bank from charging you $50 every time you sneeze the wrong way have vanished overnight. That’s essentially what’s happening as the Consumer Financial Protection Bureau (CFPB) is being dismantled in early 2025. Led by Acting Director Russell Vought, the agency has been ordered to …
The Consumer Financial Protection Bureau (CFPB) has abruptly terminated contracts with expert witnesses involved in cases against companies accused of harming consumers. This unexpected move signals a significant shift in the CFPB’s approach to enforcement and raises concerns about the future of consumer protection. CFPB Halts Expert Witness Contracts: A Sudden Shift in Enforcement The …
The Consumer Financial Protection Bureau will host a day-long convening, ‘Evolutions in Consumer Debt Relief.’ The event will explore options for consumers facing unmanageable unsecured debt and limited credit options. March 10, 2020, at 8 AM at Consumer Financial Protection Bureau Basement Auditorium, 1700 G St. NWWashington, DC 20552. This event is open to the …
Today the Consumer Financial Protection Bureau (Bureau), along with the Minnesota Attorney General’s Office, North Carolina Department of Justice, and the Los Angeles City Attorney, announced an action to halt a student-loan debt-relief operation engaged in allegedly unlawful conduct and consisting of several related companies: Consumer Advocacy Center Inc., which does business as Premier Student …
Question: Dear Steve, Looking for someone to help me with the lawsuit against Lexington law I’m a client I heard through the grapevine that they are getting sued for in practices. My name is [X] I chosen Lexington law to help me with my credit score seems like I heard through the grapevine that they …
Former Acting CFPB Director Mick Mulvaney was all hot and bothered to change the name of the Consumer Financial Protection Bureau to Bureau of Consumer Financial Protection (BCFP). The effort made absolutely no logical sense. “Mulvaney said the name change was an effort to realign the bureau with the statute that brought it into being, …
Recently I wrote about the changing mission of the CFPB from consumer-oriented to business-oriented under acting director Mick Mulvaney. The agency is having such an identity crisis at the moment it is known by two names, the CFPB and BCFP. American Banker is reporting the further castration of the CFPB consumer mission with the new …
The Acting Director of the CFPB, Mick Mulvaney (Bio coming soon), has indicated he wants the entity name changed to Bureau of Consumer Financial Protection. Recently I received a press release from the organization that still identifies itself as the Consumer Financial Protection Bureau and the press release is from the Bureau of Consumer Financial …
Well here is a little piece of information that is going to throw cases brought by the Consumer Financial Protection Bureau (CFPB) into a mess. On June 21, 2018, Senior United States District Judge Loretta Preska ruled the CFPB “is unconstitutionally structured and lacks authority to bring claims.” In the case CFPB v. RD Legal …
Recently the Trump administration has tried to change the law so individual states would not be able to enforce laws covering student loan debt collectors. The new head of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, has just released the updated agenda for the CFPB. According to the new agenda, the CFPB would drop …