Latest News
Showing the Latest Consumer Financial Protection Bureau (CFPB) Results
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Common Dreams: Ruling Against Wall Street Watchdog Decried as ‘Reckless and Partisan’
A federal appeals court’s ruling on Tuesday that the structure of the CFPB is unconstitutional has been decried as a “reckless and partisan” attack on the independent watchdog agency.
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Politico: Conservatives Win Big in Landmark Ruling Against Consumer Finance Protection Bureau
Consumer advocates called the opinion politically charged, noting that Kavanaugh and the other judges on the case, Karen LeCraft Henderson and A. Raymond Randolph, are Republican nominees.
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Washington Times: Court Rules Consumer Bureau’s Power ‘Unconstitutional’ in Setback to Obama
Consumer groups were enraged, accusing Judge Kavanaugh of pursuing an ideological agenda in his ruling against the CFPB.
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Anti-CFPB Ruling, Result of Judge Kavanaugh’s Partisan Agenda
Kavanaugh’s reckless, partisan decision was written to appease his Wall Street cronies. There is no doubt that it will be reversed.
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With Public Comment Ending Tonight, CFPB Must Scrutinize Suspicious Pro-Payday Submissions
Individually submitted “personal” public comments defending industry contained many of the exact same sentences.
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CBS Money Watch: The Fight Over New Payday Lending Rules Gets Nasty
Consumer advocates are crying foul, saying the public comment submissions for the CFPB’s payday lending rule repeat an alarming number of identical passages.
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Counter Punch: How the Payday Loan Industry is Obstructing Reform
With the CFPB proposals, the payday loan industry is not only asserting its own interests to stop the reforms contrary to public interest, but they are manufacturing public opinions to distort popular consensus on the guidelines in their favor.
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CU Today: Payday Loan Trade Group Accused Of Manufacturing ‘Positive’ Stories
A consumer group is accusing the trade association for the payday loan industry of fabricating some of the “personal” stories it has included in a press release it published that claimed the CFPB was ignoring “positive” stories from payday loan customers.
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Morning Consult: Group Alleges Cut-and-Paste Job in CFPB Comments Favorable to Payday Loans
A left-leaning advocacy group on Monday said it has found hundreds of positive consumer testimonials about payday loans using identical language on the CFPB’s website, and it wants the agency to scrutinize the validity of those comments.
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Politico: CFPB Urged to Be on the Lookout for Astroturf Efforts
The liberal group Allied Progress urged the Consumer Financial Protection Bureau to be on the lookout for suspiciously similar public comments on its proposed payday rule.