Latest News
Showing the Latest Consumer Financial Protection Bureau Results
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Official Leading The Effort To Roll Back Debt Collection Rules Promoted To Number Two At Consumer Bureau
On the same day the Consumer Financial Protection Bureau (CFPB) gutted its payday lending rule, debt collector advocate and corporate lawyer Tom Pahl has been named as CFPB Deputy Director.
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Kraninger Should Resign After Furthering Predatory Lending in Middle of a Recession
Consumer watchdog group Allied Progress is calling on Trump CFPB Director Kathy Kraninger to resign after selling out millions of vulnerable Americans to predatory lenders as the economy continues to slip further into recession, especially in communities of color.
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SCOTUS Sides With Industry Over Consumers, Undermines Consumer Bureau’s Independence
Consumer watchdog group Allied Progress blasted the U.S. Supreme Court’s ruling today that undermines the independence of the Consumer Financial Protection Bureau by allowing the President to fire the agency’s director for no reason.
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Predatory Lenders Profiting Off Struggling Families During Recession, A Reminder Why CFPB Shouldn’t Gut Payday Protections
While over 20 million Americans have lost their jobs amid a worsening recession, the payday loan industry appears to be thriving as it skirts state usury protections to target vulnerable families online with triple-digit interest rates.
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Members Of Congress Ask For Inclusion Of Payday Lenders In SBA Paycheck Protection Program
If these members of Congress think payday lenders deserve a taxpayer bailout, perhaps they should go all the way and make sure the loan comes with a 400% interest rate, too.
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What Pandemic? Trump CFPB Director Kraninger Readies Rules Enriching Trump’s Payday Lending Donors
Not even a pandemic and looming recession can keep Director Kraninger from empowering predatory lenders to rip off vulnerable consumers.
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Trump CFPB’s Expected Payday Rule Would Validate Predatory Lending At Worst Possible Time
Director Kraninger should permanently abandon her proposal to kill a key protection against predatory lending, the ability-to-repay standard.
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Amid Health and Economic Crisis, Trump CFPB Solicits Industry Input for Taskforce Run By Guy Who Applauded Price-Gouging During Hurricane Katrina
Apparently not even a pandemic and an economy in freefall is enough to keep Trump CFPB Kathy Kraninger from conducting her usual business of serving the interests of the financial industry at the expense of consumers.
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Amid Coronavirus Crisis, CFPB and Fellow Trump Financial Regulators Open Door For Banks to Get Into Predatory Lending Game
The Trump administration should not view this crisis as an opportunity for wealthy special interests to cash in.
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CFPB Director Kraninger to Testify Before Senate As Mystery Shrouds Her New Industry-Packed ‘Task Force’
Kraninger is keeping the public in the dark about her new ‘task force’ set up to pick apart consumer financial laws and recommend rollbacks to consumer protections.