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Mulvaney Calls For Review of All CFPB Activities

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, yesterday announced a comprehensive review of all of the agency’s enforcement, supervision, rulemaking, market monitoring, and education activities. The reviews will be conducted in a series of a Requests For Information that will seek comment and “provide an opportunity …

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CFPB Announces Annual Increase in Civil Penalties

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The Consumer Financial Protection Bureau has announced its annual inflation-related increase in the maximum it can fine an organization when assessing civil money penalties. The announcement was published in the Federal Register earlier this week. The cost-of-living adjustment allows the CFPB to raise its fines annually. For 2018, the maximum …

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Navient Blasts Pennsylvania AG in Motion To Dismiss

Navient has filed a motion to dismiss a lawsuit brought by the attorney general of Pennsylvania, claiming the state is “piggybacking” off a similar suit filed against the student loan servicing company by the Consumer Financial Protection Bureau. Pennsylvania’s claims are “merely parrot allegations,” which is “impermissible,” Navient argues in …

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CFPB’s English Appeals Denial of Preliminary Injunction

Leandra English, the deputy director of the Consumer Financial Protection Bureau, has taken the next step in trying to legally claim the director’s position at the agency, by appealing a ruling denying her request for a preliminary injunction to the Court of Appeals for the District of Columbia. English is …

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