Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau
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CFPB wants to show the world its case against Navient in motion currently sealed
SCRANTON, Pa. (Legal Newsline) – A federal agency all of a sudden has an interest in getting its arguments out as it fights to keep its lawsuit against the nation’s largest student loan servicer alive. -
Navient to judge: Pay no attention to CFPB's argument for ratification
HARRISBURG (Legal Newsline) – The battle continues over whether the Consumer Financial Protection Bureau can pursue a lawsuit it filed years ago when its structure was unconstitutional. -
CFPB tells Pa. judge that other courts have rejected Navient's argument
SCRANTON, Pa. (Legal Newsline) – Though its structure was found to be unconstitutional, the Consumer Financial Protection Bureau is arguing old decisions can be fixed through the process of ratification as its case against the nation’s largest student loan servicer heads toward trial. -
Judge asked to tell CFPB it's too late to ratify case against Navient
HARRISBURG – Too little, too late, says the nation’s largest student loan servicer to the federal agency that has pursued litigation against it for three years. -
Navient argument against CFPB: Lawsuit was unconstitutional, ratification pointless
SCRANTON, Pa. (Legal Newsline) – In light of the U.S. Supreme Court finding the structure of the Consumer Financial Protection Bureau unconstitutional, one of the agency’s targets is asking a federal judge to throw out the lawsuit. -
Navient: Feds failed to prove case, want to impose regulations through litigation
SCRANTON, Pa. (Legal Newsline) – The nation’s largest student loan servicer says federal authorities have failed to make their case against it, even after more than six years of litigation. -
Federal agency really doesn't want former employee testifying against its Navient case
SCRANTON – The federal Consumer Financial Protection Bureau is fighting an order that would allow one of its former staffers to testify against it in Pennsylvania federal court. -
Judge told to allow former CFPB researcher to testify against the agency's Navient lawsuit
SCRANTON, Pa. (Legal Newsline) - The Consumer Financial Protection Bureau's lawsuit against student loan giant Navient suffered a setback on March 19 when a federal judge was told a key Navient witness shouldn't be disqualified. -
Elizabeth Warren's Trojan Horse
Populated by zealous Obama administration holdovers, the CFPB is unaccountable to Trump and taxpayers. -
Heartland Campus Solutions still fighting CFPB probe after Pittsburgh judge's ruling
PHILADELPHIA — A stay pending appeal was recently granted to the defendant in a case involving the Consumer Financial Protection Bureau (CFPB). -
New leadership at the CFPB means state AGs will be more active in financial consumer protection
WASHINGTON (Legal Newsline) – Some states will be even more active in financial consumer protection enforcement now that the Consumer Financial Protection Bureau's new director has made it clear the bureau will stay out of the way, an expert on state attorneys general said during a recent interview. -
Heartland Campus Solutions ordered to comply with request from Consumer Financial Protection Bureau
A recent decision from Pittsburgh federal court shows that the Consumer Financial Protection Bureau, under new leadership, is continuing to pursue cases involving allegations of deceptive practices by student loan servicers, according to Jenny Lee, a partner at Dorsey & Whitney LLP. -
Study on consumer lawsuit loans finds high rates, confusing terms
AUSTIN, Texas (Legal Newsline) - The broadest study yet of consumer litigation finance – money forwarded to lawsuit plaintiffs in anticipation of a victory in court or a legal settlement – found a “very complicated and circuitous” system in which some borrowers appear to subsidize others and the median interest rate exceeds 40%. -
State AGs united for #MeToo, but changing federal law could be slippery slope
WASHINGTON (Legal Newsline) – State attorneys general are united in championing a new cause – abolishing clauses that require sexual harassment claims to be heard in arbitration. But would it set a bad precedent for changing federal law while scoring political points for its supporters? -
RD Legal Funding asks for oral arguments as it fights lawsuit from CFPB, N.Y. AG
PHILADELPHIA – The disagreement over funding by third parties continues to play out in an exchange between Pennsylvania and New York federal courts, as one such company defends itself from New York Attorney General Eric Schneiderman and the Consumer Financial Protection Bureau. -
Philly judge voids third-party funding in NFL concussion litigation, but company hopes N.Y. colleague disagrees
PHILADELPHIA – A Philadelphia federal judge says agreements in which RD Legal Funding advanced money to plaintiffs in the pending NFL concussion litigation are void, but the attorney representing RD Legal has asked a judge in New York to ignore that finding. -
CFPB alleges Heartland Campus Solutions has not complied with CID
PITTSBURGH – A student loan servicer is alleged to have failed to comply with a federal agency's demand. -
AG Shapiro's CFPU is a real stinker
Passed in the wake of the financial crisis of 2008, the Dodd-Frank Act (named for two controversial members of Congress) was a classic case of a cure worse than the disease. -
Navient, fighting federal agency, has dismissal argument rejected
HARRISBURG – Student loan giant Navient has failed to get a dismissal of the lawsuit filed against it in Pennsylvania by the Consumer Financial Protection Bureau (CFPB). -
Lawsuits against Navient likely to bring changes in student loan servicing
HARRISBURG – Lawsuits filed by the federal Consumer Financial Protection Bureau and two individual states raising allegations tied to student loan servicing will most likely result in a new set of student loan servicing guidelines, regardless of the outcome of the litigation, according to Arant Boult Cummings LLP associate Julie Carter.