Tagged: consumer financial protection bureau

March 10, 2016 @ 9:43 pm By JD Alois  |  

Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), will be visiting the House Financial Services Committee next week to testify before Chairman Jeb Hensarling and the rest of the group. The CFPB is a relatively new agency, crafted out of the ashes of… Read More

March 8, 2016 @ 4:02 am By Erin Hobey  |  

The Consumer Financial Protection Bureau (CFPB) announced that it is accepting complaints from consumers encountering problems with loans from online marketplace lenders. The Bureau is also releasing a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who are considering taking… Read More

March 3, 2016 @ 6:31 am By Erin Hobey  |  

The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More

January 28, 2016 @ 10:27 am By JD Alois  |  

  As marketplace lending grows and matures it is natural, even expected, for policy makers and regulators to stand up and take notice. While in the overall world of finance direct online lenders are still relatively small, more and more frequently amounts are measured in… Read More