Tag: Consumer Financial Protection Bureau

mark warner

Warner demands answers on stalled CFPB investigation into Equifax breach

U.S. Sen. Mark R. Warner joined a group of 31 Senators to demand answers on reports that the Consumer Financial Protection Bureau has halted its investigation into how credit reporting agency Equifax failed to protect the personal data of more than 145 million Americans.


virginia organizing

Virginia Organizing to senators: We need a strong CFPB

Virginia Organizing leaders will visit Washington, D.C. on Thursday, April 7 to attend the Senate Banking Committee hearing.


robert hurt

Robert Hurt botes for bill mandating oversight of Consumer Financial Protection Bureau rulemaking

Congressman Robert Hurt (R-Virginia) released the following statement after voting in favor of the Homebuyers Assistance Act.


business

AG Herring, CFPB Director Cordray launch guides for financial caregivers in Virginia

Attorney General Mark Herring joined Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), for the launch of the CFPB’s first state-specific financial caregivers’ guides to help educate caregivers on the process of managing someone else’s money in Virginia.


Chase settles collections litigation, debt sales issues with CFPB, state attorneys general

Chase Card Services entered into a consent order today with the Consumer Financial Protection Bureau and agreements with attorneys general for 47 states and the District of Columbia relating to practices stopped years ago for its sworn document, collections litigation and certain debt sales practices on defaulted credit card debt.


business

Herring announces $136 million joint state-federal settlement with Chase Bank

Chase Bank and Chase Bankcard Services Inc. will reform their unlawful credit card debt collection practices through a $136 million joint state-federal settlement with Attorney General Mark Herring, attorneys general in 47 states, the District of Columbia, and the federal Consumer Financial Protection Bureau.


robert hurt

Robert Hurt: The CFPB needs increased transparency, accountability

The Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank Act, is an agency intended to oversee consumer protection in the financial sector, but it is equipped with unprecedented authority over America’s financial system, defying the basic principle of separation of powers.


robert hurt

Robert Hurt votes to encourage small business input at the CFPB

Congressman Robert Hurt (R-Virginia) released the following statement after voting in favor of the Bureau of Consumer Financial Protection Advisory Boards Act, which would create a Small Business Advisory Board at the Consumer Financial Protection Bureau (CFPB).


business

Herring and CFPB take action against retailer for abusive collections practices towards servicemembers

The Consumer Financial Protection Bureau (CFPB) and the Attorneys General of North Carolina and Virginia took action today to protect military servicemembers from illegal debt collection practices.


Warner, Kaine call for action against abusive debt collections against servicemembers

U.S. Senators Mark Warner and Tim Kaine wrote letters to Secretary of Defense Chuck Hagel, Consumer Financial Protection Bureau Director Richard Cordray, and Federal Trade Commission (FTC) Chairwoman Edith Ramirez calling their attention to recent reports published inProPublica and the Washington Post that detail abusive debt collection practices against servicemembers undertaken by a Virginia-based retailer.


robert hurt

Hurt comments on Consumer Financial Protection Bureau report

Congressman Robert Hurt (R-Virginia) released the following statement after a House Financial Services Committee hearing to review and discuss the semi-annual report from Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.


congress

Sen. Warner urges banks to offer better protections for users of prepaid cards

Following a holiday season in which a record number of consumers were expected to use prepaid cards, U.S. Sen. Mark Warner (D-Va.) introduced legislation requiring banks to more fully disclose the hidden fees often charged for the use of these cards.