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JD Supra: The CFPB Lives On and Arbitrable Lawsuits Must Be Stayed
JD Supra· 3 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 issues report on negative equity in auto financing | JD Supra
JD Supra· 3 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 Orders Freedom Mortgage To Pay $3.95M Over Housing Data Errors
National Mortgage Professional· 5 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 ...
CFPB Payday Lending Rule to Take Effect After Supreme Court Win
Bloomberg Law· 4 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 ...
These student-loan borrowers qualify for debt cancellation through the government, but they're...
INSIDER via Yahoo News· 2 days agoIt stated that while Navient "carefully considers a variety of factors in determining whether a...
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 ...
Medical debt could vanish from credit reports. What to do now
Detroit News· 16 hours agoThe rule would also forbid lenders from basing their lending decisions on medical information....
Fifth Circuit Rules CFPB Credit Card Late Fee Rule Case Stays in Texas | JD Supra
JD Supra· 4 days agoThis decision marks another pivotal moment in the ongoing legal battle over the CFPB’s Final Rule, which has seen a complex procedural history unfold over the past few months ...
... Fees, Applauds Biden Administration and Consumer Financial Protection Bureau (CFPB) for Tackling...
Sierra Sun Times· 7 days agoLast month, the CFPB launched a public inquiry into junk fees in mortgage closing costs that disproportionately hurt lower-income, first-time, and Black and Hispanic homebuyers ...
...to Know About the U.S. Supreme Court Ruling That the CFPB’s Funding Mechanism is Constitutional...
JD Supra· 4 days agoOn May 16, 2024, the U.S. Supreme Court ruled that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution. In Part II, we first discuss ...