CFPB Finalizes April Clarifications to Mortgage Rules
Rule Will Improve Consumer Protections in Qualified Mortgages and Mortgage Servicing WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) finalized corrections, clarifications, and amendments to its Ability-to-Repay and…
The CFPB Puts Companies on Notice About Harmful Debt Collection Practices
CFPB Publishes Action Letters for Consumers and Begins Taking Debt Collection Complaints WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) put companies on notice through bulletins advising that…
Agencies Issue Proposed Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
WASHINGTON, D.C.— Six federal financial regulatory agencies today issued a proposed rule that would create exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The proposed exemptions…
Statement on Arrests of Political Opponents in Tunisia
The arrests by the Tunisian government of political opponents and critics are fundamentally at odds with the principles Tunisians adopted in a constitution that explicitly guarantees freedom of opinion, thought,…
Consumer Financial Protection Bureau Announces New Senior Hires
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is announcing the addition of several members to senior positions within the Bureau. These positions are: the Chief Operating Officer;…
Consumer Financial Protection Bureau Unveils Approach to Financial Education
Report Details Bureau’s Efforts to Improve Financial Literacy of Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau unveiled its financial education strategy in its first annual Financial Literacy…
CFPB Takes Action Against Castle & Cooke for Paying Employees to Steer Consumers into Expensive Mortgages
Employees Received Bonuses for Pushing Consumers into Loans with Higher Interest Rates WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in federal district court against…
CFPB Releases Second Update of Exam Procedures for Mortgage Rules
Release Offers Guidance in Advance of Bureau Examinations WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a second update to its exam procedures in connection with the…
CFPB Files Suit Against Morgan Drexen for Charging Illegal Fees and Deceiving Consumers
Company Made Misleading Claims about its Debt-Relief Services to Consumers WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court against a Nevada…
CFPB Examiners Find Mortgage Servicing Problems at Banks and Nonbanks
CFPB Report Also Finds Many Nonbanks Lack Robust Compliance Systems WASHINGTON, D.C.— Today, the Consumer Financial Protection Bureau (CFPB) issued a report detailing mortgage servicing problems at banks and nonbanks.…