consumer protection

Mulvaney Strips Student Lending Office In CFPB Restructure
Mulvaney Strips Student Lending Office In CFPB Restructure
May 10, 2018  |  CFPB

A restructure of the Consumer Financial Protection Bureau (CFPB) has ended all functions of its student lending office, except for consumer education. According to American Banker,...

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Virginia Sues Online Lender Over Consumer Loans
Virginia Sues Online Lender Over Consumer Loans
May 04, 2018  |  Consumer Finance

Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state...

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CFPB Public Complaint Database Likely To Be Shut Down
CFPB Public Complaint Database Likely To Be Shut Down
April 26, 2018  |  CFPB

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), said that the agency will likely shut down its public complaint database. As...

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LendingClub Gets Sued By The FTC; Stock Hits Record Low
LendingClub Gets Sued By The FTC; Stock Hits Record Low
April 25, 2018  |  Legal

LendingClub, the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday (April 25) after...

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Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
April 17, 2018  |  CFPB

Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. According to American Banker, the...

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Consumer Watchdog Wants More Than Regulation For Facebook
Consumer Watchdog Wants More Than Regulation For Facebook
April 12, 2018  |  Facebook

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. “Facebook has a...

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Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
April 11, 2018  |  CFPB

The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were...

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Facebook Defends Data Sharing Tool As FTC Compliant
Facebook Defends Data Sharing Tool As FTC Compliant
April 06, 2018  |  Facebook

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. The social media...

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Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
March 21, 2018  |  Intelligence of Things

Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The harder stance is...

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