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...to Know About the U.S. Supreme Court Ruling That the CFPB’s Funding Mechanism is Constitutional...
JD Supra· 2 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 ...
CFPB Orders Freedom Mortgage To Pay $3.95M Over Housing Data Errors
National Mortgage Professional· 3 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 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 ...
Wall Street Journal: The cost of forgiving medical debt
Kenosha News· 2 days agoThe Biden administration is canceling student loans and easing mortgage payment terms. Now the...
CFPB Expands its Reach with Final Rule Establishing Nonbank Registry of Public Settlements, Consent...
JD Supra· 3 days agoOn June 3, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final ...
... Fees, Applauds Biden Administration and Consumer Financial Protection Bureau (CFPB) for Tackling...
Sierra Sun Times· 5 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 ...
Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2024 # 3 | JD Supra
JD Supra· 3 days agoOn June 14, the Consumer Financial Protection Bureau (CFPB) announced that its so-called “Payday, Vehicle Title and Certain High-Cost Installment Loans” rule (Rule) will go ...
Chopra Delivers Testimony to Congress on Semi-Annual Report | JD Supra
JD Supra· 5 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 ...
CFPB Proposes Rule to Transform Credit Reporting Practices on Medical Debt | JD Supra
JD Supra· 5 days agoOn June 11, the CFPB announced a proposed rule amending Regulation V, which implements the Fair Credit Reporting Act, to alter the treatment of medical debts in credit reporting ...
CFPB bans medical debt in credit reporting decisions | JD Supra
JD Supra· 4 days agoOn June 11, the CFPB released a proposed rule to ban obtaining or using medical information for credit eligibility determinations. Specifically, the proposed rule would amend ...