SCOTUS will hear arguments in a case challenging the constitutionality of the Bureau's funding structure. Click through to learn what this could mean for the CFPB and the industry.
Read More »Accounts in Collections Drop by 86M Over Four Years
According to the Consumer Financial Protection Bureau, the number of accounts in collections dropped from 261 to 175 million tradelines between 2018-2022.
Read More »FHA & CFPB Urged to Create Additional Reverse Mortgage Protections
The Federal Housing Agency and the Consumer Financial Protection Bureau have been called on to fix servicing problems and create additional protection for the 480,000 outstanding reverse mortgages in the country.
Read More »CFPB Takes Action to Protect Borrowers From Mortgage Comparison-Shopping Platforms
CFPB issues new guidance on RESPA violations, designed to keep consumers from being steered to lenders via pay-to-play tactics rather than providing shoppers with comprehensive and objective information.
Read More »Don’t Wait for Regulations
Matthew Perez of FICS explains why mortgage servicers need to embrace non-English-language support now.
Read More »CFPB Proposes Registry of Financial Contract Clauses
The new proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections.
Read More »Share of Energy-Efficient Homes Rising Nationwide
According to a new Porch study, homeowners and homebuyers are beginning to understand and appreciate the value of an energy-efficient home and what it provides in terms of cost and savings on heating and cooling.
Read More »CFPB Issues Latest Insights Report
According to the Consumer Financial Protection Bureau, a new analysis of nearly half a million complaints reveals ongoing challenges, as TransUnion, Experian, and Equifax top the list of complaints.
Read More »WF to Pay $3.7B in Fines and Restitution
Wells Fargo has been ordered by the Consumer Financial Protection Bureau to pay $2 billion in restitution and $1.7 billion in fines. Click through to read the details, as well as the bank’s official statement.
Read More »CFPB to Establish Registry to Detect Repeat Offenders
The proposal of a registry of company and court order information will assist the Bureau in identifying and mitigating risks to American households, according to the CFPB.
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