WASHINGTON – The Supreme Court on Friday said it will consider whether the structure of the watchdog Consumer Financial Protection Bureau created by Congress in 2010 is unconstitutional, something the Trump administration and even the bureau’s director say they now ...

Tagged with: Consumer Financial Protection Bureau SCOTUS

WASHINGTON – A U.S. appeals court on Wednesday ruled that the structure of the Consumer Financial Protection Bureau is constitutional and that its director can only be fired by the president for cause. The split decision by the U.S. Court ...

Tagged with: Consumer Financial Protection Bureau U.S. Court of Appeals for the District of Columbia Circuit

An embattled federal consumer watchdog agency has agreed to suspend its investigation into a Virginia-based company accused of preying on detained immigrants. The Consumer Financial Protection Bureau – plunged into disarray last month by dueling directors – will pull back ...

Tagged with: Consumer Financial Protection Bureau Libre by Nexus

WASHINGTON (AP) — The battle between two supposed directors of the Consumer Financial Protection Bureau is making for compelling optics but only seems to be delaying a tidal shift at the powerful consumer watchdog. Mick Mulvaney, President Trump’s budget director ...

Tagged with: Consumer Financial Protection Bureau Leandra English Mick Mulvaney

NEW YORK — Federal regulators announced new rules Wednesday governing the quickly growing prepaid debit card industry, an effort more than two years in the making which should bring basic account protections to its customers, who are often financially disadvantaged. ...

Tagged with: Consumer Financial Protection Bureau prepaid credit cards

Consumer rights advocates, joined by New York’s attorney general, and the banking industry are going toe to toe over a federal proposal to block banks from using mandatory arbitration to resolve disputes with their customers. The 90-day comment period on ...

Tagged with: Arbitration Banks Consumer Financial Protection Bureau Eric Schneiderman

NEW YORK — Suing your bank or debt collector might be getting a whole lot easier. The Consumer Financial Protection Bureau is considering new regulations that would severely curtail a contentious practice called mandatory arbitration, which is when consumers are ...

Tagged with: Consumer Financial Protection Bureau

The nation’s youngest government agency recently celebrated its four-year anniversary, and it’s still got plenty to do. The Consumer Financial Protection Bureau was born out of the Dodd-Frank financial overhaul law that passed in 2010 and started a year later. ...

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WASHINGTON — A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies. The federal appeals court in ...

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WASHINGTON — Federal regulators are warning consumers about the risks of using virtual currencies such as Bitcoin. The Consumer Financial Protection Bureau said Monday that it will begin fielding complaints from people who rely on products such as Bitcoin and ...

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WASHINGTON — The Senate confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau and the forward motion on the nominations to the National Labor Relations Board could ultimately lessen the blow of a potential U.S. Supreme Court ...

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In the first criminal complaint referred to prosecutors by the watchdog agency Consumer Financial Protection Bureau, a debt relief company and two lawyers have been indicted in an alleged fraud scheme. The U.S. Attorney for the Southern District of New ...

Tagged with: Consumer Financial Protection Bureau