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Consumer watchdog creates corporate ‘repeat offender’ registry
The Hill· 2 hours agoInitially proposed in December 2022, the new rule will require non-bank companies hit with local,...
US financial watchdog announces registry of nonbank corporate offenders
Reuters via Yahoo Finance· 1 hour ago"Too many American families and businesses have been harmed by repeat offenders in a rinse repeat...
Chopra remarks on how less credit reporting competition may lead to higher mortgage costs | JD Supra
JD Supra· 6 days agoOn May 20, CFPB Director, Rohit Chopra, delivered a speech at a trade association event addressing the rising costs ...
CFPB Director Addresses Credit Report Fees Before the Mortgage Bankers Association | JD Supra
JD Supra· 7 days agoAs part of the CFPB’s crusade against junk fees, CFPB Director, Rohit Chopra addressed credit report ...
CFPB sues student loan servicer PHEAA for pursuing borrowers for loans discharged in bankruptcy
Retail Banker International via Yahoo Finance· 3 days agoFurther, it seeks redress to borrowers it has harmed and payment of a civil penalty. “PHEAA has...
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances...
Business Insider via Yahoo News· 3 days agoThe CFPB is requesting that the court require PHEAA to provide relief to impacted consumers and pay...
PA student loan servicer sued over alleged illegal collection of money and fraud
WJET - WFXP Erie· 8 hours ago(WJET/WFXP) — The Consumer Financial Protection Bureau (CFPB), an independent U.S. federal agency...
CFPB launches inquiry into junk fees in mortgage closing costs
Retail Banker International via Yahoo Finance· 4 days agoThat is because they have to absorb the higher costs or pass them on to borrowers. “Junk fees and...
Mortgage 'junk fees' can add nearly $6,000 to the cost of buying a home. The Biden administration...
Morningstar· 3 days agoThe Consumer Financial Protection Bureau said Thursday it's launching a public inquiry into "junk fees" that the agency says are increasing mortgage closing costs. "Junk fees and excessive closing ...
CFPB Director Targets Credit Reporting Fees | JD Supra
JD Supra· 7 days agoThe CFPB is continuing its crusade against so called “junk fees,” and now is looking at crediting reporting fees. In a May 20 speech to the Mortgage Bankers Association, & ...