Tag Archives: CFPB

CFPB Director Rohit Chopra said, “Today’s report is further evidence of the serious harms stemming from [credit bureaus'] faulty financial surveillance business model.”

This is an opportunity for companies to identify and address internal pain points as borrower protections wind down, Acting Director Dave Uejio says.

Servicers should expect a “tidal wave” of distressed borrowers seeking help as forbearance plans expire. Having systems in place to handle a rapid increase in grievances will be crucial.

The Consumer Financial Protection Bureau (CFPB) issued a warning to servicers to prepare for an onslaught of distressed homeowners come summertime, or as moratoria expire. This is the second CFPB notice in a week to indicate the bureau is aggressively ...

Researchers analyze historical loan performance to learn more about the CFPB action that would provide a three-year pathway to "safe harbor" for some loans.

The Consumer Financial Protection Bureau (CPFB) issued an advisory opinion related to perceived regulatory uncertainties tied to Regulation B, which implements the Equal Credit Opportunity Act (ECOA) as it applies to certain aspects of special-purpose credit programs (SPCPs). The ECOA ...

The Consumer Financial Protection Bureau (CFPB) announced additions to its executive team. According to a press release, the bureau—"which helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, ...

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting input on regulating consumer access to financial records.  With the ANPR, the CFPB is looking for suggestions on how the agency could most efficiently and effectively develop ...

The Agency provided new guidance for its Borrower Protection Program, announcing an extension for the purchase of qualified loans in forbearance

On the second day of her testimony before Congress, Director Kathy Kraninger updated the House Financial Services Committee on the Bureau's actions amidst COVID-19.