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Tag Archives: CFPB

Coalition to CFPB: Strengthen Arbitration Clause Ban

A coalition consisting of more than 160 labor unions, civil rights groups, and other advocates has written a letter to CFPB Director Richard Cordray calling for the Bureau to go take its proposed rule to ban arbitration clauses that prevent consumers from bringing class-action lawsuits even further.

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Get Ready, TRID Could Become Less of a Burden Soon

Recognizing the “operational challenges” the industry is experiencing with TRID, Cordray said in a letter that the Bureau is considering making some “adjustments” in the regulation text to provide greater certainty and clarity.

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PHH Goes Toe-to-Toe With CFPB

This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

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Congress Continues Sparring Over Dodd-Frank and CFPB

CFPB

Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, namely the removal of the Financial Stability Oversight Council’s “systemically important financial institution” (SIFI) from MetLife and the Consumer Financial Protection Bureau’s pending trial from PHH Corp.’s appeal of a $109 million penalty handed down last June.

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