The Bureau of Overseas Buildings Operations Announces New Industry Advisory Group Appointment
The Bureau of Overseas Buildings Operations’ (OBO) Industry Advisory Group (IAG) has advised OBO on the building industry’s latest concepts, methods, best practices, innovations, and ideas related to its mission…
CFPB Finds One-in-Five Auto Title Loan Borrowers Have Vehicle Seized for Failing to Repay Debt
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a report finding that one-in-five borrowers who take out a single-payment auto title loan have their car or truck…
CFPB and Financial Regulators Issue Guidance on How Banks Handle Consumer Deposit Account Discrepancies
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) and four federal financial regulatory agencies issued guidance providing supervisory expectations on how financial institutions should handle consumer deposit discrepancies.…
CFPB Monthly Complaints Snapshot Spotlights Credit Reporting Complaints
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released its monthly consumer complaint snapshot, highlighting credit reporting complaints. The report shows that consumers continue to complain about incorrect…
CFPB Takes Action Against Former Wells Fargo Employee for Illegal Mortgage Fee-Shifting
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme. The CFPB found that David Eghbali…
Consumer Financial Protection Bureau Proposes Rule to End Payday Debt Traps
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today proposed a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have…
Consumer Financial Protection Bureau Sues Payment Processor For Enabling Unauthorized Withdrawals And Other Illegal Acts By Clients
WASHINGTON, D.C. —The Consumer Financial Protection Bureau today filed suit against payment processer Intercept Corporation and two of its executives, Bryan Smith and Craig Dresser, for allegedly enabling unauthorized and…
Consumer Financial Protection Bureau Unveils New Know Before You Owe Auto Loans Shopping Sheet
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is unveiling an “auto loan shopping sheet,” a step-by-step guide, and additional online resources as part of a new Know…
Consumer Financial Protection Bureau Announces Annual Dollar Thresholds in Truth in Lending Act Regulations for Certain Credit Transactions
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) announced its annual adjustments to the dollar amounts of various thresholds under the Truth in Lending Act regulations that will…
Consumer Financial Protection Bureau Supervision Finds Mortgage Servicers’ Ongoing Technology Failures and Process Breakdowns Trigger Rule Violations
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released a special edition supervision report focused specifically on mortgage servicers. The report found that some mortgage servicers continue to…