With
Anjali Garg,
Kristie D. Kully,
Stephanie Robinson
The settlement is with a parent company and its subsidiaries that originated, provided, purchased, serviced, and collected on high-cost, short-term secured and unsecured consumer loans.
Last week, we wrote about how the Bureau of Consumer Financial Protection ("Bureau") under Acting Director Mick Mulvaney had surprisingly doubled down on claims of unfair, deceptive...
Much has been written about Mick Mulvaney's statements about how the Consumer Financial Protection Bureau will no longer "push the envelope" when it comes to enforcement...
With
Anjali Garg
On February 7, 2018, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") released the third installment of its call for comments on the Bureau's functions.
With
Melanie Brody,
Tori K. Shinohara
Since the Consumer Financial Protection Bureau's inception in 2011, the Office of Fair Lending and Equal Opportunity has been a powerful force within the agency.
With
Phillip Schulman,
Holly Spencer Bunting
The U.S. Court of Appeals for the D.C. Circuit (the "court") has issued its long-awaited en banc decision in PHH v. CFPB.
With
Christa Bieker
On January 24, 2018, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") announced that it is seeking public comment on all aspects of its civil investigative demand ("CID") process.
The decision at issue came in the CFPB's case against CashCall and related entities.
The federal district court in Washington heard oral argument this morning in the case of English v. Trump, the challenge brought by Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra...
The Consumer Financial Protection Bureau (CFPB) recently posted its Enforcement Policy and Procedures Manual (Manual) on its FOIA reading room website.
With
Stephanie Robinson
In an email to staff, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced on Wednesday, November 15, that he will be stepping down this month.
With
Matthew Bisanz,
Melanie Brody,
Kevin Healy
The Consumer Financial Protection Bureau ("CFPB") has issued its first No-Action Letter ("No-Action Letter" or "Letter") in response to a request from Upstart Network, Inc. ("Upstart").
With
Steven Kaplan,
Tori K. Shinohara,
James Williams
On June 22, 2017, the CFPB's Student Loan Ombudsman put out its annual report on student loans, as required by the Dodd-Frank Act.
With
Gretel Echarte Morales,
Alicia Kinsey,
Simeon Kriesberg,
Alex Lakatos,
Mickey Leibner,
Tamer A. Soliman
Below we examine the practical effects of these changes and how they may affect the US private sector's activities.
With
Melanie Brody,
Phillip Schulman
The long awaited en banc oral argument in the PHH v. CFPB appeal
was heard this morning. Based upon the questions asked by the
judges, and with the caveat that such questioning is not always an
indicator of how a court will rule, it seems likely that the D.C.
Circuit will not find the CFPB to be unconstitutionally
structured.
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