CFPB Temporarily Changes Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a rule amending the 2015 updates to the Home Mortgage Disclosure Act (HMDA) rule. The Bureau has temporarily changed…
CFPB Report Warns That Taking Out a Reverse Mortgage Loan Can Be an Expensive Way to Maximize Social Security Benefits
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a report warning older consumers about taking out a reverse mortgage loan in order to bridge the gap in…
Adjustments Based on Annual Percentage Change in Consumer Price Index
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced its annual adjustments to the dollar amounts of various thresholds under Truth in Lending Act (TILA) regulations that will…
Secretary Antony J. Blinken and NATO Secretary General Jens Stoltenberg Before Their Meeting
SECRETARY GENERAL STOLTENBERG: So Secretary Blinken, dear Tony, welcome. SECRETARY BLINKEN: Thank you. SECRETARY GENERAL STOLTENBERG: Welcome back to the NATO Headquarters. And it’s great to receive you here on…
CFPB Takes Action to Shut Down Credit Repair Company for Charging Illegal Fees and Misleading Consumers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a proposed final judgment in federal court that would resolve a lawsuit against Prime Marketing Holdings, LLC for illegal…
CFPB Takes Action Against Zero Parallel for Steering Consumers Toward Bad Deals
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against an online lead aggregator for steering consumers toward lenders who offered illegal or unlicensed loans that were…
CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced that recent supervisory actions resulted in $14 million in relief to more than 104,000 harmed consumers from January through…
CFPB Announces First No-Action Letter to Upstart Network
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced a no-action letter issued to Upstart Network, Inc., a company that uses alternative data in making credit and pricing…
CFPB Takes Action Against National Collegiate Student Loan Trusts, Transworld Systems for Illegal Student Loan Debt Collection Lawsuits
WASHINGTON, D.C. – The Consumer Financial Protection Bureau today took action against the National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, Inc., for illegal student loan debt…
CFPB Takes Action Against Top Notch Funding for Lying in Loan Offers to NFL Players, Deepwater Horizon Victims, and 9/11 First Responders
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) took action today against Top Notch Funding and two individuals associated with the company for lying in loan offerings to consumers…