Tag Archives: CFPB

Compliance Digest – January 25

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every week, …

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Biden Names Temporary Picks to Lead CFPB, FCC, FTC

President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission. Dave Uejio, the CFPB’s chief strategy officer will be acting director until Rohit Chopra is confirmed by …

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Kraninger Resigns Post as CFPB Director

At the request of President Joe Biden, Kathleen Kraninger resigned as director of the Consumer Financial Protection Bureau yesterday, effective immediately. The move paves the way for her to be replaced by Rohit Chopra, once he is confirmed by the Senate. Kraninger helmed the CFPB for 25 months, taking over …

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CFPB Issues Final Rule on Role of Supervisory Guidance

CFPB Logo

The Consumer Financial Protection Bureau yesterday released a final rule on the role of supervisory guidance, which clarifies the differences between regulations — which have the full force and effect of law — and guidance — which does not. A copy of the final rule can be accessed by clicking …

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Consumers Living in Low-Income Neighborhoods Less Likely to Receive Financial Restitution When Complaining to CFPB: Study

During the past four years, coincidentally linked with the start of the Trump administration, complaints filed by individuals with the Consumer Financial Protection Bureau that were resolved with the consumer receiving some form of financial restitution declined in neighborhoods where the majority of residents were minorities, according to a research …

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Chopra to be Nominated to Replace Kraninger at CFPB: Reports

Rohit Chopra is going to be nominated by President-elect Joe Biden to replace Kathleen Kraninger as the director of the Consumer Financial Protection Bureau, according to a number of reports citing anonymous sources. Chopra is currently a commissioner with the Federal Trade Commission and formerly worked at the CFPB as …

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