Maryland challenges online payday lender owned by tribal member

By Amy Biegelsen

Western Sky Financial’s website features a logo with three teepees and a toll-free number for customers to apply for an overnight loan. A no

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… to consumers nationwide. While the 2010 financial reform law gives the new Consumer Financial Protection Bureau the power to regulate payday lenders, it remains to be seen whether the ag …"

Payday lenders boost spending on lobbying, campaigns as consumer agency takes shape

By Julie Vorman

Payday lenders more than doubled their spending on federal lobbying to $9.2 million in 2009-10, an investment that defeated Congressional at

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… an interest rates but failed to win a carve-out from regulation by the new Consumer Financial Protection Bureau.A new analysis of payday lenders by Citizens for Responsibility and Ethics …"

"… n two weeks.The Dodd-Frank financial reform law approved in 2010 gives the Consumer Financial Protection Bureau the power to regulate payday lenders , but Elizabeth Warren, the White Hou …"

Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "Santee Sioux":

"… ased companies, state officials were surprised when two Indian tribes, the Santee Sioux Nation of Nebraska and the Miami Nation of Oklahoma, intervened in the cas …"

"… ng business. Another company, SFS Inc., explained that it was owned by the Santee Sioux Nation of Nebraska and that it made loans under the trade names One Click …"

"… t rate that bank customers can shell out for a two-week, $20 overdraft.The Santee Sioux Nation said in a court filing that all its loans are approved on tribal la …"

"… a $128,000 settlement in 2008 with companies associated with the Miami and Santee Sioux tribes as well as a third Native American group involved in payday lending …"

Advertisement

Financial reform this week: Will SEC's final whistleblower rule require first filing internal complaint?

By Julie Vorman

Your guide to Dodd-Frank law deadlines, hearing and events for the week of May 23

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… t & Government Reform subcommittee holds a hearing on oversight of the Consumer Financial Protection Bureau with testimony from Elizabeth Warren, the special adviser chosen by the Wh …"

"… under the Dodd-Frank law.Mortgage paperwork - Deadline for feedback to the Consumer Financial Protection Bureau on its initial two-page form that would simplify mortgage disclosures when …"

Unregulated FICO has key role in each American's access to credit

By Amy Biegelsen

New consumer agency examines opaque credit scoring process

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… evaluation of whether FICO and the credit bureaus are playing fair.The new Consumer Financial Protection Bureau has been specifically tasked with producing by July 21 a study analyzing d …"

"… ars,” agency Chairman Jon Leibowitz told Congress last year.The new Consumer Financial Protection Bureau (CFPB), on the other hand, will be able to write rules policing “large p …"

"… ith oversight of FICO and the credit bureaus may become clearer as the new Consumer Financial Protection Bureau pulls itself together. The bureau, created by the Dodd-Frank financial ref …"

Reform reading: Fed reveals details about $3 trillion in emergency loans

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… d of the St. Louis Fed has added fuel to Republicans’ attacks on the new Consumer Financial Protection Bureau by saying that he is "concerned" about the bureau’s unusual funding mech …"

Advertisement

Newsmaker interview: Warren says Congress should hold car dealers to same rules as other lenders

Elizabeth Warren, the government’s top advocate on consumer financial issues, says that Congress needs to hold auto dealers to the same basi

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… om on Monday.But advocating for such changes isn’t a priority of the new Consumer Financial Protection Bureau (CFPB), she said.Warren, a Harvard Law School professor and long-time cons …"

With 6 car dealers in Congress, industry revs up horsepower on Capitol Hill

By Kimberly Leonard

Car dealers rev up horsepower on Capitol Hill

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… nk bill overhauling U.S. financial market regulation and creating the Consumer Financial Protection Bureau to prevent unfair and abusive financial practices by banks, payday lenders …"

"… took the lead in writing language to keep car dealers out of reach of the Consumer Financial Protection Bureau.“We had nothing to do with what happened on Wall Street, so why should w …"

Broad reach of new consumer financial agency may fall short in some areas

By David Heath

The Consumer Financial Protection Bureau that opens on July 21 faces Republican lawmakers who want to chip away at its power, companies that

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… recently became part of the Center for Public Integrity. …"

"… nsurance Corp. — will be in charge of enforcing new rules crafted by the Consumer Financial Protection Bureau for all but the biggest banks.In fact, the examination process for most ba …"

Financial reform this week: House Republicans push bill to curb CFPB power

By Julie Vorman

Your guide to financial reform law events during the week of May 2

Excerpts from this story referencing "Consumer Financial Protection Bureau":

"… ces subcommittee drafts legislation that would replace the director of the Consumer Financial Protection Bureau with a five-member commission; would allow a simple majority rather than a …"

"… 21.Thursday, May 5CFPB mortgage data - Deadline for public comments on the Consumer Financial Protection Bureau's plan to collect data as it develops a model form for disclosures about r …"

"… :Commodity Futures Trading Commission summary of rulemaking areasConsumer Financial Protection Bureau correspondence with CongressFederal Deposit Insurance Corp.  …"

Pages