The rulemaking prohibits collectors from using non-litigation means (such as calls) to collect on time-barred debt unless collectors disclose that the debt is time-barred.
Read More »CFPB Identifies Mortgage Servicing Violations
In the Winter 2020 Highlights, the CFPB identified how servicers were violating loss mitigation notice requirements.
Read More »CFPB Director Provides Update on Protection Practices
Here's what the Financial Services Committee and CFPB Director Kathleen Kraninger discussed as part of her semiannual report.
Read More »Executive Restructuring For the CFPB
The Bureau’s Operations Division will have a new Chief Information Officer and Chief Procurement Officer.
Read More »House Releases Amicus Brief on CFPB Constitutionality Case
According to the brief, the House of Representatives believes that the case has no bearing on the constitutionality of the Consumer Financial Protection Bureau.
Read More »CFPB Grants Bank of America No-Action Letter
The Bureau granted the No-Action Letter regarding the bank’s funding arrangements with housing counseling agencies certified by the U.S. Department of Housing and Urban Development.
Read More »California Unveils State Consumer Financial Protection Bureau
Gov. Gavin Newsom's new bureau will overhaul the existing Department of Business Oversight and rename it the Department of Financial Protection and Innovation.
Read More »CFPB Announces Changes to Exemption Thresholds
Adjustments to both regulations go into effect on January 1, 2020. Click through to read more.
Read More »Congresswoman Maxine Waters Questions CFPB
In a letter, Chairwoman of the House Financial Services Committee Congresswoman Maxine Waters expressed concerns regarding reports that Thomas G. Ward, is the lead candidate for the Enforcement Director position at the CFPB.
Read More »CFPB Aims for ‘Culture of Compliance’ in Finance System
On the one-year anniversary of her appointment as CFPB director, Kathleen L. Kraninger says she aims to create a “culture of compliance” in the U.S. finance system and highlights the bureau’s achievements under her direction.
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