Consumer Financial Protection Bureau Encourages Financial Institutions and Debt Collectors to Allow Stimulus Payments to Reach Consumers
WASHINGTON, D.C. – Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio issued the following statement regarding consumers’ access to Economic Impact Payment (EIP) funds distributed through the American Rescue…
FTC Seeks Comment on Business Practices of Cloud Computing Providers that Could Impact Competition and Data Security
The Federal Trade Commission staff are seeking information on the business practices of cloud computing providers including issues related to the market power of these companies, impact on competition, and…
CFPB Submits 2020 Report to Congress on the Administration of the Fair Debt Collection Practices Act
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The report highlights…
CFPB Annual Complaint Report Highlights More Than a Half-Million Complaints Received in 2020
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) provided to Congress the Consumer Response Annual Report for 2020. The impact of the COVID-19 pandemic on the consumer financial…
Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence
WASHINGTON, D.C. – Five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI). The agencies seek information from the public on how financial institutions…
CFPB Rescinds Series Of Policy Statements To Ensure Industry Complies With Consumer Protection Laws
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in consumer financial…
2020 HMDA Data on Mortgage Lending Now Available
WASHINGTON, D.C. – Today, the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2020 were published on the Federal Financial Institutions Examination Council’s HMDA Platform for…
CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of…
CFPB Proposes Mortgage Servicing Changes to Prevent Wave of COVID-19 Foreclosures
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire. Due…
CFPB Takes Action Against Debt Collector And Its Owner For Falsely Threatening Consumers with Legal Action
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a consent order against a debt collector and its owner for harassing thousands of consumers, falsely threatening them with…