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JD Supra: CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance...
JD Supra· 2 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
CFPB Takes Action Against Owners of Small Dollar Lender for Hiding Money to Avoid Penalties
The National Law Review· 4 days agoOn June 17, the Consumer Financial Protection Bureau filed an order to resolve its 2023 lawsuit...
CFPB Imposes Bans from Reverse Mortgage Servicing, $11.5 Million Restitution, and $5 Million in...
JD Supra· 1 day agoHECM contract holder and two of its subcontractor's subsidiaries are permanently banned from reverse mortgage servicing activities. Respondents must pay $11.5 million to reverse mortgage borrowers ...
Medical debt may come off credit reports soon, helping Americans qualify for more financial products
FOX Business· 5 days agoMedical bills may soon be removed from many credit reports. The Consumer Financial Protection Bureau...
CFPB issues report on negative equity in auto financing | JD Supra
JD Supra· 4 days agoA new CFPB report, Negative Equity in Auto Lending, contains an analysis of data relating to the financing of negative equity in vehicle trade-ins. The orders were issued ...
CFPB takes enforcement action against former HECM servicing contractor
HousingWire via Yahoo Finance· 7 days agoThe Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions...
CFPB takes action against repeat offender Freedom Mortgage Corporation
Retail Banker International via Yahoo Finance· 7 days agoThe Consumer Financial Protection Bureau (CFPB) has filed a proposed order that would require...
CFPB proposes $3.95M fine for Freedom Mortgage over false data accusations - HousingWire
HousingWire· 7 days agoThe document states that the CFPB and Freedom Mortgage have agreed to enter into the proposal, with...
CFPB Proposes Fine Against Freedom Mortgage
RISMedia Real Estate News· 4 days agoThe Consumer Financial Protection Bureau (CFPB) has issued a proposed $3.95 million fine against Florida-based mortgage lender Freedom Mortgage. The
Payday Lending Rule Slated to Take Effect, 7 Years Later | JD Supra
JD Supra· 1 day agoOn June 14, the CFPB published a press release announcing that its 2017 Payday, Vehicle Title and Certain High-Cost Installment Loans Rule (“Payday Lending Rule”) will go ...