Tag Archives: CPFB

The Bureau’s independent funding through the Federal Reserve was ruled to be lawful by a panel of judges in the Second Circuit Court of Appeals. After rulings by two different circuit courts, the case is expected to be heard by the Supreme Court in October.

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.

According to a new report by Fitch Ratings, as forbearance programs expire and borrowers transition into other loss mitigation programs, servicers should be wary of customer complaints and regulatory oversight.

A criminal London Inter-Bank Offered Rate (LIBOR) rate-setting conspiracy that implicated major international banks has resulted in the Consumer Financial Protection Bureau (CFPB) finalizing a rule to transition away from the LIBOR interest rate index for all consumer financial products starting in 2022.  The rule establishes how creditors must select replacement indices for existing ...

The Consumer Financial Protection Bureau (CFPB) continued its aggressive enforcement of consumer protection laws on Monday by filing a lawsuit against Georgia based law firm Frederick J. Hanna & Associates, for violations of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Fair Debt Collections Practices Act.