RSSCFPB outlines revised nonbank supervision plan
The Consumer Financial Protection Bureau is proposing a new standard for supervising nonbanks.
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Spotlight
News
CFPB, Synapse reach settlement in lawsuit
The Consumer Financial Protection Bureau has reached a proposed settlement with Synapse Financial Technologies for allegedly failing to keep adequate records of the location of consumers’ funds.
CFPB reaches settlement with pawn shop company
The Consumer Financial Protection Bureau recently reached a $9 million settlement in its 2021 lawsuit against pawn shop company FirstCash, Inc.
CFPB terminates consent order against Navy Federal Credit Union
The Consumer Financial Protection Bureau recently terminated its consent order against Navy Federal Credit Union and waived any non-compliance allegations against the company.
CFPB to stop using civil penalty funds to finance education programs
The Consumer Financial Protection Bureau plans to stop using civil penalty funds to finance consumer education and financial literacy programs, according to a proposal published June 18.
Horowitz selected to lead CFPB IG office
Longtime attorney and government official Michael Horowitz was appointed to lead the Office of Inspector General for both the Consumer Financial Protection Bureau and Federal Reserve.