Latest News
Showing the Latest CFPB Results
-
As CFPB Comment Deadline Looms, Allied Progress Releases Top 3 Reasons Why Director Kraninger Should Strengthen Overdraft Fee ‘Opt-In’ Rule
Washington D.C.– As the July 1st deadline nears for public comment ahead of the Trump CFPB’s review of the “opt-in” rule for overdraft fees on debit and ATM cards, consumer watchdog group Allied Progress rolled out the Top 3 Reasons why Director Kraninger should build on the rule’s success. The 2009 “opt-in” rule has saved consumers billions of dollars by barring the…
-
New Report: CFPB Official Who Worked for Anti-LGBT Hate Group May Soon Have Power to Exempt Companies from Anti-Discrimination Laws
CLICK HERE for New Report from Allied Progress on How CFPB Office of Innovation Director Paul Watkins’ Ugly Anti-Equality Connections Could Be Reflected in His Official Work Washington D.C.– Ahead of Tuesday’s congressional hearing on fintech regulation, consumer watchdog group Allied Progress released a new report on how Paul Watkins, Director of the CFPB’s Office of…
-
Tainted Process: CFPB Flooded with Thousands of Suspicious, Copycat Pro-Payday Loan Comments Backing Trump’s Proposal to Kill Protections From Predatory Industry Practices
Allied Progress examined public comments submitted concerning the Trump-CFPB’s effort to kill a key protection against the payday loan debt trap and found that more than 7,000 pro-payday comments used suspiciously duplicative language, amounting to over 27 percent of the total comments.
-
Wall Street Darling Jeb Hensarling’s Old Crew Taking Over the CFPB
Hensarling’s Former Chief of Staff Joins CFPB — the Bureau That Oversees Industry Hensarling Spent Career Trying to Deregulate
-
Trump/Kraninger’s CFPB Preparing to Gut Ability-to-Repay Standard for Payday Loans Based on an Industry-Funded Study That Actually Underscores Why It’s Needed
Kraninger Thinks 40 Percent of Borrowers Not Knowing the Financial Risks Associated with Payday Loans is Acceptable — It’s Not
-
Why is This Minnesota Democrat Attempting to Sabotage Obama’s Payday Lending Rule?
Rep. Peterson is giving his Republican colleagues a boost by going against President Obama’s legacy and American consumers.
-
Why is This Texas Democrat Attempting to Sabotage Obama’s Payday Lending Rule?
Rep. Cuellar is doing his Republican colleagues a favor by undermining President Obama’s hard work to protect consumers from predatory payday lenders.
-
Payday Lending Spree in the Backyard of CFPB “Acting Director” Mick Mulvaney
Demonstrating the need for strong federal rule,payday lenders bend over backward to avoid regulations in Mulvaney’s home state of South Carolina.
-
Why is this Florida Democrat Sabotaging Obama’s Payday Lending Rule?
Opponents to the CFPB’s payday lending rule have found an ally in Florida Democrat Alcee Hastings.
-
Payday Lenders Caught (Again) Using Fake Personal Stories In Attempt to Influence CFPB
The Wall Street Journal exposé isn’t the first time payday lenders have been caught deploying underhanded tactics to influence legislators or regulators.