Tag Archives: CFPB

The Consumer Financial Protection Bureau (CFPB) announced on August 12 that it had levied $19.3 million in penalties against Atlanta-based online lender AmeriSave Mortgage Corporation for engaging in a bait-and-switch scheme that allegedly cheated consumers out of millions.

The company responsible for one of the most widely used measures of credit health is making changes to its current model that could boost credit scores nationwide.

Following allegations of racial and gender discrimination at the Consumer Financial Protection Bureau, the bureau’s director, Richard Cordray spoke before the House Financial Services Committee Wednesday.

The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general announced Tuesday that obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, collectively known as “Rome Finance,” for about 17,000 U.S. service members and other consumers injured by the company’s predatory lending scheme.

As part of its continuing effort to address nagging allegations of discrimination and subsequent backlash against whistleblowers at the Consumer Financial Protection Bureau (CFPB), the House Oversight and Investigations Subcommittee will on Wednesday hear testimony from CFPB director Richard Cordray. ...

The Consumer Financial Protection Bureau is proposing a rule designed to improve the availability of access to credit. The proposed rule would update the reporting requirements contained within the Home Mortgage Disclosure Act and simplify the reporting process for financial institutions.

The Consumer Financial Protection Bureau proposed a new rule to allow consumers that post complaints to the option to opine on the details on the bureau’s public facing complaint database.

The Consumer Financial Protection Bureau (CPFB) issued guidance Friday to curb mortgage brokers transitioning into the “Mini-Correspondent” lender model in the hopes of avoiding the Mortgage consumer protections affecting broker compensation that took effect in January of 2014.

The Consumer Financial Protection Bureau (CFPB) issued guidance Tuesday aimed at making it easier for surviving family members who have inherited a property due the death of a loved one to be added to the mortgage, allowing them to seek modification or refinance and avoid foreclosure.

A week after appearing before the Senate Banking Committee, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray traveled back up the hill again to review the bureau's semi-annual report and take questions from the House Financial Services Committee. At the hearing, committee members asked Cordray to address a number of issues surrounding the embattled agency, including accountability concerns and allegations of discrimination.