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CFPB

Reinvestment Partners Applauds the Consumer Financial Protection Bureau for Their Action Against Corinthian Colleges, Inc.

Adam Rust's picture

Posted September 17, 2014

In filing a lawsuit against Corinthian for violations of the Consumer Financial Protection Act and the Fair Debt Collection Practices Act, hundreds of thousands of students who were hurt by the for-profit college's practices will experience monetary relief.

"The CFPB has forcefully addressed Corinthian's harmful policies, which have left local Durham

Richard Cordray Transcript from the Jon Stewart Show - Part Two

Adam R.'s picture

Posted January 10, 2014

Part Two:  

Note: Part One is here

JS: We’re back, talking to Richard Cordray, from a bureau whose name I have forgotten already. I do understand that it business regulation can become onerous. Red tape and bureaucracy can be a drag, especially on a small business. Are you doing anything to make lean regulation, smart regulations, in that

Some Debate About CFPB's Remittance Rule

Adam Rust's picture

Posted November 5, 2012

Key provisions from the CFPB's rule making on remittances say that agents will have to make uniform disclosures to their customers. According to the final rule, agents must indicate the following:

  • Cost of the service
  • Exchange rate
  • Amount that the recipient will ultimately receive

These are not the only aspects of the rule, but for today's purposes I am only interested in disclosure.

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