Newsroom
The Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000.
Company Failed to Inform Auto Lenders That Defects in its Software Led to Inaccuracies.
Bureau Alleges That Think Finance Deceived Consumers Into Paying Debts That Were Not Valid.
Company Deceives Consumers About Its Negotiating Power, the Reach of Its Services, Its Fees, and Consumers’ Rights to Their Own Funds.
The Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2018.
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans.
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis.
Bureau Seeks to Ensure a Workable Data Aggregation Market That Gives Consumers Protection and Value.
CFPB Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems.
Bureau Alleges that Three Companies and Their Owners Charged Illegal Advance Fees, Lied About Debt-Relief Results.
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once.
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
CFPB Orders Meridian Title to Disclose its Interests in Future Transactions and Pay up to $1.25 million.
Bureau Releases Interactive Online Tool to Help Consumers Measure Their Financial Well-Being.
Bureau Also Seeks Public Comment on Proposal for Disclosure of Mortgage Data.
Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties.
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
Company to Regularly Report Lending and Compliance Information to the Bureau.
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices.
Company Banned From Offering Credit Repair Services and Required to Pay $150,000 Penalty.
Adjustments Based on Annual Percentage Change in Consumer Price Index.
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages.
Final Rule Also Clarifies Certain Requirements to Help Companies Comply.
