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Item No. 1 on CFPB's packed agenda: Get a director

A long to-do list from developing mortgage servicing requirements to revisiting payday lending rules awaits Rohit Chopra, the administration’s choice to lead the consumer bureau. But it's still anyone's guess when the Senate will confirm him. ....

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Item No. 1 on CFPB's packed agenda: Get a director

Item No. 1 on CFPB's packed agenda: Get a director
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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Where will CFPB come down on buy now/pay later loans?

Where will CFPB come down on buy now/pay later loans?
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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United's cost-shifting plan means fewer choices, little to no consumer protection, higher prices

United's cost-shifting plan means fewer choices, little to no consumer protection, higher prices
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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Maine Credit Report Limits Baffle 1st Circuit

(Graphic courtesy of Consumer Financial Protection Bureau via Courthouse News)
BOSTON (CN) A pair of Maine laws designed to help people repair their credit after experiencing problems that weren’t their fault left the First Circuit stumped at oral arguments Wednesday.
The question was whether federal law preempts such a move, but the judges seemed to think the federal statute was badly written and hopelessly unclear.
A frustrated U.S. Circuit Judge David Barron peppered Maine’s lawyers for insight. “If I conclude that their position is untenable, I’d like to know what is tenable,” the Obama appointee said. “Or do we have two untenable positions?” ....

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