Supreme Court Invalidates Restriction on President’s Power to Remove the CFPB Director

On June 29, 2020, the Supreme Court issued its opinion in Seila Law LLC v. Consumer Financial Protection Bureau, slip op. No. 19-7. The decision resolves a long-disputed issue regarding the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB or the Bureau)—namely, whether the Dodd-Frank Act’s statutory restriction on removal of the CFPB Director is consistent with the President’s powers in Article II of the Constitution. In a 5-4 decision, the Supreme Court held the restriction unconstitutional and invalidated it. At the same time, the Court rejected the argument that the entire CFPB should be invalidated due to the constitutional defect, and it left other remedial issues, such as the effect of the decision on pending Bureau matters, for lower courts to decide.

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Credit Score Sick?

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What a crock of BS

Why credit reporting matters in formulating policy during COVID-19 response and recovery

Two months from now, about 200 million people will be out of jobs due to the economic effects of the coronavirus (COVID-19). The disruption of supply chains and reduction in demand are impacting businesses’ cash flows and profitability—in some cases permanently. To avert a possible credit freeze, regulators across the globe have introduced unprecedented financial measures, such as moratoria on credit repayments and extension of past-due days. Many have also published directives mandating credit providers to stop reporting negative data.

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Discover Bank gets another Outstanding on CRA assessment

This is all well and good, but what if anything has Discover or Matt Parks done to address the multitude of individuals in these target areas that do not qualify for loans based on credit scoring criteria…nada

Discover Bank gets another Outstanding on CRA assessment

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Qwest Review

#qwestreview #testimonial #creditrepair #creditscores #mortgage #mortgagecredit

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Qwest Review

#qwestreview #testimonial #creditrepair #creditscores #mortgage #mortgagecredit

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CFPB complaints spiked by 31% in first months of 2020 as Americans sought coronavirus relief

Consumer complaints to the Consumer Financial Protection Bureau rose 31% in the first five months of 2020, compared with the same period last year, with many complaints specifically mentioning the coronavirus pandemic.

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