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CFPB takes action against repeat offender Freedom Mortgage Corporation
Retail Banker International via Yahoo Finance· 5 days agoThe Consumer Financial Protection Bureau (CFPB) has filed a proposed order that would require...
CFPB proposes $3.95M fine against Freedom Mortgage over repeated data errors
Compliance Week· 4 days agoFM submitted “error-riddled” mortgage loan data to federal regulators after being sued last year by...
CFPB announces March 30, 2025 compliance date for payday lending rule | JD Supra
JD Supra· 5 days agoIn a blog post published at the end of last week, the CFPB announced that its payday lending rule (Rule) would go into effect on March 30, 2025. Because the Rule’s ability ...
CFPB Issues Final Rule Requiring Certain Nonbanks to Report Final Public Orders and Submit Annual...
The National Law Review· 3 days agoOn May 22, 2024, the Consumer Financial Protection Bureau (CFPB)
CFPB issues new rule for recognizing open banking standards | JD Supra
JD Supra· 4 days agoThe CFPB has launched the process for independent standard-setting bodies to receive formal recognition, as part of its efforts to shift towards open banking in the United ...
JD Supra: SCOTUS Upholds CFPB Funding Mechanism
JD Supra· 4 days agoIn a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does ...
CFPB Finalizes New Rule to Monitor Nonbank ‘Repeat Offenders’ | JD Supra
JD Supra· 5 days agoThe Consumer Financial Protection Bureau (CFPB) recently finalized its proposed rule to create a so-called “Repeat Offender” registry for certain covered financial services ...
Medical debt could vanish from credit reports. What to do now
Detroit News· 9 hours agoThe rule would also forbid lenders from basing their lending decisions on medical information....
CFPB Files $3.95M Proposed Order to Settle HMDA Lawsuit Against Florida-Based Mortgage Company
The National Law Review· 2 days agoOn June 18, the CFPB filed a proposed final judgment that would require a Florida-based nonbank mortgage originator and servicer to pay a $3.95 million civil money penalty ...
The CFPB’s Increased Focus on Medical Financing Products | JD Supra
JD Supra· 4 days agoOver the course of the last year, the Consumer Financial Protection Bureau (CFPB or Bureau) has increased its scrutiny of medical financing products, such as medical credit ...