CFPB

Commonwealth, a financial security nonprofit, recently announced a two-year initiative to address challenges and opportunities emerging technologies present to people of lower- and moderate-income. As part of the development, Benzinga chatted with Commonwealth co-founder and executive director...

One of President Donald Trump's top campaign promises was to eliminate regulations and free up U.S. corporations to operate will fewer restrictions. One of Trump’s first targets after taking office was the Consumer Financial Protection Bureau, which was created in the wake of the mortgage...

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, recently eased the regulatory burden for mortgage lenders and prepaid card issuers. The Analyst Height Financial Services' Edwin Groshans. The Thesis The CFPB is now a "kinder and gentler" agency, as...

Curo Group Holdings Corp (NYSE: CURO) held its IPO on Thursday, testing the waters of the public markets less than a month after President Donald Trump chose Mick Mulvaney as the new head of the Consumer Financial Protection Bureau. The timing of Curo’s IPO may have been carefully chosen...

Can things get any worse for Navient Corp (NASDAQ: NAVI)? Not according to Credit Suisse’s Moshe Orenbuch. By his estimates, Navient’s nearing the bottom. The education-services firm is down 20 percent year to date, and after a sharp, 4.7-percent sell-off Thursday, Orenbuch perceived a...

The U.S. Department of Education has had enough of “overreaching” watchdogs. Officials announced Friday that they would terminate two agreements with the Consumer Financial Protection Bureau pertaining to information-sharing and oversight cooperation ━ welcome news for recent targets of...

The Consumer Financial Protection Bureau, an agency with uncertain fate in Red-run, anti-regulatory Washington, adopted a rule Monday that will allow consumers to join legal forces in challenging financial institutions. The regulation would prohibit banks and credit institutions from adopting...

The auto industry has been suffering from a pricing decline so far in 2017, but slumping prices are not the only issue weighing down the industry in 2017. Credit deterioration and regulatory investigations into the use of GPS systems and kill switches are also issues that could impact auto lending...

Ocwen Financial Corp (NYSE: OCN) shares are down 54.3 percent in the past week after more than 20 states issued cease-and-desist orders against the company related to alleged mismanagement of escrow accounts and the company’s poor financial state; the Consumer Financial Protection Bureau also...

If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years...

Citing mismanagement of escrow accounts and poor financial condition, mortgage regulators from more than 20 states issued Ocwen Financial Corp (NYSE: OCN) and its subsidiaries cease-and-desist orders Thursday. A lawsuit from the Consumer Financial Protection Bureau shortly followed. The Florida-...

In another move toward deregulation, Congress is on the verge of passing a bill intended to disallow the Prepaid Card Rule submitted by the Consumer Financial Protection Bureau, or CFPB. Rule Likely To Be Repealed Height Securities said in a note on Monday the Senate resolution proposed last week...

The pro-company Trump administration and Republicans are moving full throttle to unfetter companies, held back by myriad rules and regulations. In one such move, Republican Sen. David Perdue introduced a resolution on February 1 to provide for Congressional disapproval for the rule submitted by...

"No law can force anybody to be responsible; it’s still incumbent on those on Wall Street to heed the lessons of this crisis in terms of how they conduct their businesses." Barack Obama It Was A Dark And Stormy Year… For the economy, at least. The financial crisis that...