Compliance

President Proposes Gutting CFPB Funding

President Trump has proposed dramatically cutting back the funding for the Consumer Financial Protection Bureau. In his first budget proposal as president, which was released yesterday morning, the president is proposing reducing the CFPB’s budget by $145 million in 2018, and cutting nearly $7 billion from the agency during the …

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CFPB, PHH Set To Go Before Appeals Court Tomorrow

The Consumer Financial Protection Bureau and lawyers representing PHH Corp. will step before the entire Court of Appeals for the District of Columbia tomorrow and make their arguments that could shape the future of the CFPB. A three-judge panel from the D.C. Appeals court ruled last year that the leadership …

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Legal Experts Praise SCOTUS Decision In FDCPA Case

Lawyers praised the decision issued yesterday by the Supreme Court of the United States ruling in favor of a debt buyer who was being sued for allegedly violating the Fair Debt Collection Practices Act. The debt buyer, Midland Funding, was accused of violating the FDCPA because it submitted a bankruptcy …

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