Tag Archives: CFPB

Chopra in Center of Dispute Brewing at Federal Bank Regulator

An interesting battle is brewing between the Consumer Financial Protection Bureau and the Federal Deposit Insurance Corp. that spewed out into the public last week, indicating that the regulators might not be on the same page and is being labeled as a “remarkable breakdown in trust.” Like many regulators, the …

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CFPB Releases Guidance For Dealing with Former Employees

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One of the new shows I have watched and enjoyed recently is “Dopesick,” a limited series about the opioid crisis and how the drug was sold by its manufacturer. The series details a number of situations where individuals working for branches of the federal government end up working for the …

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CFPB Gets Good Grades on Plain Language Report Card

The “infinite monkey theorem” posits that given enough time, a monkey hitting random keys on a typewriter will likely replicate the works of William Shakespeare. While the theory is an exercise in statistics and advanced mathematics, it has been used a number of times in popular culture to describe all …

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CFPB Credit Card Report Breaks Down Debt Collection Market

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The amount of outstanding credit card debt declined by more than $100 billion between 2019 and 2020, largely due to consumers paying down their debts, according to a report issued this week by the Consumer Financial Protection Bureau, which also detailed the pre- and post-chargeoff collection efforts and touted the …

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CFPB Denies Petition From Debt Buyer to Amend CID

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The Acting Director of the Consumer Financial Protection Bureau has denied a petition from a debt buying company to set aside or amend a Civil Investigative Demand that was alleged by the company to be overly broad, rejecting all of the company’s arguments. A copy of the petition filed by …

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