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JD Supra: The CFPB Lives On and Arbitrable Lawsuits Must Be Stayed
JD Supra· 2 days agoThe Supreme Court was busy last week issuing opinions of interest to consumer finance companies, CFPB-regulated entities, and anyone who finds themselves enforcing arbitration ...
CFPB proposes $3.95M fine against Freedom Mortgage over repeated data errors
Compliance Week· 2 days agoFM submitted “error-riddled” mortgage loan data to federal regulators after being sued last year by...
CFPB Report Foreshadows Increased Scrutiny of Negative Equity in Auto Lending | JD Supra
JD Supra· 4 days agoYesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report on the state of negative equity in auto lending. The CFPB says it ...
CFPB Payday Lending Rule to Take Effect After Supreme Court Win
Bloomberg Law· 2 days agoThe US Court of Appeals for the Fifth Circuit ruled in October 2022 that the CFPB had followed all necessary procedures allowing its watered-down payday lending rule to take ...
CFPB Issues RFI on Mortgage Closing Costs | JD Supra
JD Supra· 3 days agoThe Consumer Financial Protection Bureau (CFPB), recently issued a Request for Information (RFI) related to fees charged by providers of mortgages and related settlement services ...
CFPB Finalizes New Rule to Monitor Nonbank ‘Repeat Offenders’ | JD Supra
JD Supra· 3 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 ...
The CFPB’s Increased Focus on Medical Financing Products | JD Supra
JD Supra· 2 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 ...
CFPB Orders Freedom Mortgage To Pay $3.95M Over Housing Data Errors
National Mortgage Professional· 4 days agoFreedom Mortgage Corporation may find itself on the CFPB’s naughty list for repeatedly submitting error-riddled mortgage loan data to federal regulators and the CFPB ...
JD Supra: Former CFPB Director Kraninger calls out the CFPB for manipulating data to serve a...
JD Supra· 6 days agoFlorida Bankers Association President and CEO and former Director of the Consumer Financial Protection Bureau (CFPB) Kathy Kraninger wrote an editorial in the May 14, 2024 ...
CFPB issues proposal to prohibit use of medical debt information in credit decisions | JD Supra
JD Supra· 4 days 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 ...