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Senator Coburn to director Cordray: "I think you've done a wonderful job" but...

Dykema Gossett PLLC
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USA
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March 13 2013

If Republicans hate the current makeup of the CFPB, they don't appear to share a hatred for Director Rich Cordray. Press reports suggest that there

Federal Court dismisses $8 billion recording fee class action against MERS

Dykema Gossett PLLC
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USA
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January 31 2013

In yet another blow to local municipalities seeking to recover damages against Mortgage Electronic Registration Systems, Inc. (MERS) for failing to

CFPB not changing student loan findings and recommendations despite faulty analysis

Dykema Gossett PLLC
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USA
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September 6 2012

When the CFPB issued its report on student lending in July 2012, it led to multiple attacks from consumer advocates on the industry

CFPB and Department of Education seek bankruptcy relief for student loans issued by private lenders

Dykema Gossett PLLC
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USA
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August 15 2012

The Department of Education (DOE) and the CFPB are pushing Congress to make it easier for students to discharge student debt issued by private lenders by filing for bankruptcy protection

CFPB and Department of Education target private student loans

Dykema Gossett PLLC
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USA
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July 30 2012

The Bureau and the Department of Education released a joint report last week stating that many student borrowers are struggling under the weight of private student loans, which surpassed $20 billion at their peak in 2008

Judicial Watch files Freedom of Information Act suit against CFPB over Cordray appointment

Dykema Gossett PLLC
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USA
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June 29 2012

Judicial Watch, the self-proclaimed “public interest group that investigates and fights government corruption,” filed suit earlier this month under the Freedom of Information Act, 5 U.S.C. 552 (FOIA), to obtain records regarding Director Richard Cordray’s “recess appointment.”

CFPB seeks information and expands study on private student loans

Dykema Gossett PLLC
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USA
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June 29 2012

The CFPB has launched a deeper investigation into private student loans as part of its mandate to review borrower complaints on student loans and provide recommendations to Congress

Massive student debt affects the economy and other types of lending

Dykema Gossett PLLC
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USA
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May 7 2012

A recent CFPB report disclosed that outstanding student loan debt now totals over $1 trillion, and the debt burden is causing problems for many first-time home buyers

CFPB unveils financial aid comparison shopper

Dykema Gossett PLLC
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USA
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April 18 2012

On Wednesday, April 11, 2012, the CFPB unveiled the newest product of its 'Know Before You Owe' initiativethe Financial Aid Comparison Shopper

CFPB Confidentiality Bill blocked in the Senate

Dykema Gossett PLLC
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USA
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March 30 2012

The Wall Street Journal is reporting that two unnamed GOP senators are blocking a vote on a bi-partisan bill that would protect privileged information provided to the CFPB by financial institutions

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