Lawmakers seek CFPB documents after string of settlements with low or no fines
House Financial Services Committee Chairwoman Maxine Waters and Rep. Al Green, who chairs the subcommittee on oversight and investigations, have asked for documents from the Consumer Financial Protection Bureau after recent settlements with companies without any or sizable fines. The lawmakers pointed to the $10 million penalty paid by Signet Jewelers unit Sterling Jewelers, the $3.2 million fine paid by Enova International and the settlement with NDG Financial without any penalty as examples. "American consumers deserve a Consumer Bureau that will fight to recover their hard-earned money when they are cheated," the letter states. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.