Tag: Consumer Financial Protection Bureau
Daniel Sutter: Wells Fargo, fraud and markets
One of the nation’s largest banks, Wells Fargo, recently agreed to a $185 million settlement with the Consumer Financial Protection Bureau (CFPB) and other...
Daniel Sutter: Let’s answer this question before debating payday lending
The Consumer Financial Protection Bureau (CFPB) has proposed new regulations for payday lenders limiting lending to persons unable to repay a loan when due....
Gary Palmer introduces legislation to hold federal agencies accountable
An Alabama congressman introduced legislation Thursday requiring all fines, fees, penalties, and other unappropriated funds collected by federal agencies to be transferred to the Treasury, and...
Federal payday lending reforms find support in Alabama
An ongoing effort by the federal Consumer Financial Protection Bureau to rein in the excesses of high-interest "payday loan" lenders has so far been generally...
Advocates urge support of proposed short-term lending rules
Civil rights advocacy groups and others are praising a federal proposal announced Thursday that seeks to tighten short-term lending regulations and are urging consumers...
U.S. House of Representatives: Oct. 5 – Oct. 9
Monday morning Speaker John Boehner postponed the election of majority leader and majority whip until next month, a move many consider a direct blow to...
Alabama House panel debates cap on title loan interest rates
Alabama title loan companies could see a 36 percent cap on the interest rates they’re allowed to charge consumers under legislation under consideration in...
Regions Bank fined $7.5 millon for illegal overdraft fees
The Consumer Financial Protection Bureau has issued an order saying Birmingham-based Regions Bank bank illegally imposed overdraft fees on hundreds of thousands of its...
