TV News LIES

Wednesday, Jan 28th

Last update10:04:31 AM GMT

You are here News Economy Consumer regulator barks; an industry shudders

Consumer regulator barks; an industry shudders

E-mail Print PDF

Kent MarkusThe new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

In the 14 months it has existed, the Consumer Financial Protection Bureau has launched dozens of enforcement probes and issued more than 100 subpoenas demanding data, testimony and marketing materials -- sometimes amounting to millions of pages -- from companies that include credit card lenders, for-profit colleges and mortgage servicers.

More than two dozen interviews with agency officials and industry executives offered sweeping insight into the new agency's behind-the-scenes efforts, which have taken the financial industry off guard and have been far more aggressive than previously known.

The number of subpoenas and probes was confirmed by agency, industry and trade group officials who spoke to The Associated Press on condition of anonymity because the subpoenas bar both sides from discussing them.

More...


Most Recent Related Stories...


UPS says it would cut up to 30,000 jobs this year as it aims to boost turnaround

UPS layoffsUnited Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...

GOP rushes to defend Powell, Federal Reserve from DOJ, extending breaks with Trump

Jerome PowellSenate Republicans are rushing to defend Federal Reserve Chair Jerome Powell from a Department of Justice...

Nearly 400 millionaires and billionaires call for higher taxes on super-rich

Ruffalo and Eno call for higher taxes on the richNearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes...

Stock futures fall after Powell confirms criminal probe into Fed

Jerome PowellStocks fell in overnight trading Sunday after Federal Reserve Chair Jerome Powell confirmed the Trump administration...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!