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CFPB takes action against repeat offender Freedom Mortgage Corporation
Retail Banker International via Yahoo Finance· 14 hours agoProtection Act, the CFPB has the authority to take action against non-bank financial institutions....
CFPB issues proposal to prohibit use of medical debt information in credit decisions | JD Supra
JD Supra· 1 day agoThe steady drumbeat of steps during Rohit Chopra’s tenure as CFPB Director to call into question the reliability and predictability of medical debt information in credit underwriting reached ...
Even if Medical Debt Isn't on Your Credit Report, It Can Drag Down Your Credit
US News & World Report· 2 days agoA proposed rule from the Consumer Financial Protection Bureau would remove medical bills from most credit reports. The CFPB's proposed ruling would not ...
CFPB takes enforcement action against former HECM servicing contractor - HousingWire
HousingWire· 18 hours agoThe Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions...
JD Supra: Former CFPB Director Kraninger calls out the CFPB for manipulating data to serve a...
JD Supra· 3 days agoKraninger served as Director of the CFPB from December 2018 to January 2021. In the editorial, Kraninger cited to the data the CFPB relied upon for its credit card late fee rule and the < ...
Yet another BNPL outfit bites the dust: Laybuy collapses
Electronic Payments via Yahoo Finance· 2 days agoErin Bryan, one of the US’ top financial experts from international law firm Dorsey & Whitney told...
CFPB Releases Proposal to Remove Medical Debt from Credit Reports | JD Supra
JD Supra· 6 days agoThe rulemaking reflects CFPB Director Rohit Chopra’s longstanding view that medical debt has “relatively limited predictive value” in credit reporting, which has been disputed by financial services ...
JD Supra: Texas federal district court enters preliminary injunction staying CFPB final credit card...
JD Supra· 5 days agoLast Friday, May 10, the Texas federal district court hearing the lawsuit challenging the CFPB’s final credit card late fee rule (Rule) granted the plaintiffs ...
Fed seeks to renew TILA, Regulation Z information collection | JD Supra
JD Supra· 5 days agoOn June 4, the Fed published a request for comment on a proposal to extend the “Recordkeeping and Disclosure Requirements Associated with CFPB’s Regulation ...
Chopra Delivers Testimony to Congress on Semi-Annual Report | JD Supra
JD Supra· 2 days agoOn June 12, 2024, CFPB Director Chopra appeared before the Senate Banking Committee for a hearing, “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” On June 13, 2024 ...