Page 48 - Cfpb News Today

Transferring student-loan borrowers to new companies hasn't been smooth, resulting in inaccurate payment bills and missing information, per the CFPB.

The Consumer Financial Protection Bureau's regulatory standards are neither defined nor fixed, and thus arbitrary.

A federal judge found that the Consumer Financial Protection Bureau overstated the costs and understated the negative impact of exempting 1,700 financial institutions from reporting Home Mortgage Disclosure Act data.

The Alabama bank must pay $191 million in connection with charges it levied on customers whose account balances went negative before a transaction was posted. Seven years ago, the CFPB imposed a $7.5 million overdraft-related fine on Regions.

The comptroller, Brad Lander, asked U.S. Bank to outline the number of fake accounts the bank opened for New Yorkers.

A federal judge found that the Consumer Financial Protection Bureau overstated the costs and understated the negative impact of exempting 1,700 financial institutions from reporting Home Mortgage Disclosure Act data.

A collection of business groups filed a lawsuit against the Consumer Financial Protection Bureau alleging that it overstepped its authority with a new anti-discrimination policy targeting financial firms.

The trade groups, including the American Bankers Association, allege the Consumer Financial Protection Bureau exceeded its authority by claiming discrimination in any financial product violates the federal prohibition on "unfair, deceptive or abusive acts or practices."

The US Chamber of Commerce and other trade groups filed a lawsuit against the Consumer Financial Protection Bureau over the agencys recent attempt to examine discrimination in financial services, a

Tanya Burnett refinanced her student loans to lower her monthly payments. But now, she says "it wasn't worth it" since she can't get federal relief.