Consumer Financial Protection Bureau

California Attorney General Xavier Becerra joined a coalition of 25 attorneys general in submitting a comment letter opposing a proposal by the federal Consumer Financial Protection Bureau (CFPB) to formally delay implementation of 2017 regulations governing payday, vehicle title, and certain high-cost installment loans (Payday Rule). The Payday Rule protects …continue reading

California Attorney General Xavier Becerra has joined a multistate comment letter opposing the Consumer Financial Protection Bureau’s (CFPB) proposal to revise its policy offering companies binding exemptions from oversight and consumer protection laws. The proposal would grant the CFPB additional authority to offer product- and industry-wide exemptions from CFPB-administered statutes …continue reading

California Attorney General Xavier Becerra issued the following statement denouncing the Consumer Financial Protection Bureau’s (CFPB) rollback of the Payday Lending Rule that protects consumers from the worst harms associated with short-term payday lending: “It is senseless for the CFPB to scrap a rule that prevents harms associated with predatory …continue reading