Google+
  • Ocwen8.54-0.51 -5.64%
  • Zillow113.99+1.03 +0.91%
  • Trulia47+1 +3%
  • NationStar26.30-0.28 -1.05%
  • CoreLogic33.43+0.03 +0.09%
  • RE/MAX32.89-0.15 -0.45%
  • Fannie Mae2.90-0.04 -1.36%
  • Freddie Mac2.76-0.06 -2.13%
  • Wells Fargo54.855+0.035 +0.064%
  • CitiMortgage53.59-0.08 -0.15%
  • Bank of America15.995+0.155 +0.979%
  • Fidelity National Financial35.94+0.25 +0.70%
  • First American34.04-0.18 -0.53%
  • AUDUSD=X0.7772-0.0046 -0.5833%
  • USDJPY=X120.1760+0.4760 +0.3977%
  • WP Stock Ticker
Home | Tag Archives: CFPB

Tag Archives: CFPB

Confusion Over Loan Terms, Foreclosure on Non-Borrowing Spouses Top List of Complaints to CFPB

writing-on-paper1

Perhaps the most serious complaint comes from surviving, non-borrowing spouses. When the borrower spouse dies, surviving spouses suddenly face foreclosure, despite the fact that "some consumers report that their loan originator falsely assured them they would be able to add the other spouse to the loan at a later date," the report states. Similarly, others complained that the loans are often difficult to repay and that lenders often throw obstacles in the way when consumers take steps to avoid foreclosure.

Read More »

Bipartisan Legislation Introduced to Create Independent Inspector General for CFPB

writing-on-paper1

One of the major complaints of the Consumer Financial Protection Bureau (CFPB)'s critics is a lack of Congressional oversight for the Bureau. Lawmakers have re-introduced a bipartisan bill in the U.S. House of Representatives in an attempt to change that. U.S. Representative Steve Stivers (R-Ohio), along with U.S. Representative Tim Walz (D-Minnesota) re-introduced the Bureau of Consumer Financial Protection-Inspector General Act of 2015, a bill that would create the position of an independent Inspector General for the CFPB.

Read More »

Lawmaker Urges CFPB to Abandon Office Renovation Plans

Senate

Keeping in line with Republicans' promises of more scrutiny of the Consumer Financial Protection Bureau (CFPB), U.S. Representative Jeb Hensarling (R-Texas) has written a letter urging the CFPB to abandon plans to renovate its office building in favor of more cost-effective alternatives. Hensarling addressed the letter, dated January 12, 2015, to CFPB Director Richard Cordray, Comptroller of the Currency Thomas Curry, and U.S. General Services Administrator Daniel Tangherlini.

Read More »
Scroll To Top