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.
Read More »CFBP Issues Advice on Special Purpose Credit Programs
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 ...
Read More »The CFPB Adds Five to Its Executive Team
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to a press release, the bureau—"which helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, ...
Read More »CFPB Addresses Regulating Consumer Access to Financial Data
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 ...
Read More »FHFA Updates Timeline for Purchase of Qualified Loans in Forbearance
The Agency provided new guidance for its Borrower Protection Program, announcing an extension for the purchase of qualified loans in forbearance
Read More »CFPB Receives Record Numbers of Complaints During Pandemic
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.
Read More »Kathleen Kraninger Provides CFPB Update to Congress
CFPB Director Kraninger defended the Bureau's record of enforcement actions under her tenure, saying, "the number of investigations ongoing has increased.”
Read More »Inability to Pay Mortgage Tops Consumer Complaints to CFPB
In a list including credit cards and consumer reporting, how many of the 8,000 total complaints fielded by the Bureau dealt with home loans?
Read More »Mortgage Brokerage Responds to CFPB’s Claims
CFPB charged Townstone Financial Inc. with violating the Equal Credit Opportunity Act. Click through to read more.
Read More »CFPB Details the Debt Struggle
The Bureau stated that it has been “prioritizing activities” aimed at protecting the stability of the financial sector.
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