CFPB Proposes New Federal Oversight of Nonbank Auto Finance Companies
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is proposing to oversee larger nonbank auto finance companies for the first time at the federal level. The Bureau also released…
Federal Financial Institutions Examination Council Announces Availability of 2013 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,190 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).…
CFPB Announces Project Catalyst Research Pilot
Bureau to Examine Effectiveness of Credit Card Counseling For At-Risk Consumers WASHINGTON, D.C.– Today, the Consumer Financial Protection Bureau (CFPB) announced a Project Catalyst research pilot to examine the effectiveness…
CFPB Orders U.S. Bank to Pay $48 Million Refund to Consumers Illegally Billed for Services Not Received
Approximately 420,000 Consumers Unfairly Charged for Identity Protection “Add-On” Products to Receive Full Refunds WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is ordering U.S. Bank to provide…
CFPB Releases Statement on Department of Defense Proposal to Amend Military Lending Act Rule
WASHINGTON, D.C. – Today, the U.S. Department of Defense issued a proposal that would expand the types of credit products that are covered by the 36-percent rate cap and other…
CFPB Takes Action Against Flagstar Bank for Violating New Mortgage Servicing Rules
Flagstar to Pay $37.5 Million for Blocking Mortgage Borrowers’ Attempts to Save Their Homes Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against Michigan-based Flagstar Bank…
CFPB Finds Majority of Manufactured-Housing Borrowers Have Expensive Loans
Bureau Finds that Manufactured-Home Owners are More Likely to be Older or to Have Lower Net Worth WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) released a report which…
Secretary Blinken’s Meeting with Japanese Foreign Minister Hayashi
The following is attributable to Principal Deputy Spokesperson Vedant Patel: Secretary of State Antony J. Blinken met today with Japanese Minister for Foreign Affairs Hayashi Yoshimasa on the sidelines of…
CFPB Takes Action Against Mortgage Kickback Agreements
Bureau Orders Michigan Title Insurance Agency to Pay $200,000 WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000…
Secretary Antony J. Blinken and French Minister of Europe and Foreign Affairs Catherine Colonna Before Their Meeting
SECRETARY BLINKEN: Well, good evening, everyone. I think the most – among the most significant developments of the last few days is the fact that the minister and I celebrated…