Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans
For higher-priced mortgage loans, the rule requires creditors to use a licensed or certified appraiser who prepares a written appraisal report based on a...
Newsroom
CFPB Issuing Rules to Prevent Loan Originators from Steering Consumers into Risky Mortgages
The rules ban certain incentives that loan originators had to sell unsafe loans to consumers in the run-up to the financial crisis.
CFPB Rules Establish Strong Protections for Homeowners Facing Foreclosure
The CFPB's mortgage servicing rules ensure that borrowers in trouble get a fair process to avoid foreclosure. Borrowers shouldn't have to worry about...
Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending
The rule also protects borrowers from risky lending practices such as "no doc" and "interest only" features that contributed to many homeowners ending up in...
CFPB Issues Rules to Strengthen Protections for High-Cost Mortgages
In addition to strengthening the protections for high-cost mortgages, the Bureau today is implementing a requirement of the Dodd-Frank Act that lenders...
CFPB Announces Increase in Home Mortgage Disclosure Act Asset-Size Exemption Threshold
Based on the adjustments announced today, the asset-size exemption for banks, savings associations, and credit unions will increase to $42 million. As a...
CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally
Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...
CFPB and State Partners Obtain Refunds for Consumers Charged Illegal Debt-Relief Fees
A Bureau investigation found evidence that the defendant, Payday Loan Debt Solution, Inc. (PLDS), routinely charged consumers upfront fees prior to settling...
CFPB Launches Public Inquiry on the Impact of the CARD Act
The CFPB wants to know how the CARD Act has affected the daily lives of consumers and the behavior of industry.
CFPB Releases Exam Procedures for Student Loans
The Student Lending Examination Procedures are an extension of the CFPB's General Supervision and Examination Manual and will be used as a field guide by...
CFPB Proposes to Allow Companies to Run Trial Disclosure Programs
As part of its Project Catalyst initiative, and in line with its statutory authority, the Bureau's goal is to encourage banks, credit unions, and other...
CFPB Proposes Allowing Companies to Run Trial Disclosure Programs
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, authorized the CFPB to facilitate innovation and to approve trial...
CFPB Report Details How the Nation’s Largest Credit Bureaus Manage Consumer Data
Among the key takeaways in the report, which is one of the most comprehensive studies of credit reporting to date, are that credit card history dominates...
CFPB Halts Alleged Nationwide Mortgage Loan Modification Scams
In total, these operations took in more than $10 million by charging consumers for services that falsely promised to prevent foreclosures or renegotiate...
Consumer Financial Protection Bureau and Justice Department pledge to work together to protect consumers from credit discrimination
"Today's agreement is a critical step to better protecting consumers from illegal and discriminatory lending practices. We look forward to continuing our...
Consumer Financial Protection Bureau issues warning to nationwide specialty consumer reporting agencies
"Today, the CFPB is reminding these companies that they must follow the law and provide consumers with easy access to their free annual report. If we have...
Agencies Announce Increases in Dollar Thresholds in Regulation Z and M for Exempt Consumer Credit and Lease Transactions
Based on the adjustments announced today, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit...
Consumer Financial Protection Bureau Warns Companies Against Misleading Consumers with False Mortgage Advertisements
Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...
CFPB Extends Effective Date for New Mortgage Disclosures
The Dodd-Frank Act required that the CFPB integrate certain disclosures from the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act...
CFPB Launches Project Catalyst to Spur Consumer-Friendly Innovation
The Bureau views this project as an important means of fulfilling its mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to give...
Federal Housing Finance Agency and Consumer Financial Protection Bureau to Partner on Development of National Mortgage Database
The database will primarily be used to support the agencies' policymaking and research efforts and to help regulators better understand emerging mortgage...
CFPB Report Highlights Problems in Market Discovered Through Supervisory Actions
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
CFPB to Oversee Debt Collectors
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
CFPB Now Taking Complaints on Credit Reporting
Consumer reporting agencies, which include what are popularly called credit bureaus or credit reporting companies, are private businesses that track a...
CFPB Report Finds Servicemembers Face Hurdles in Accessing Student Loan Benefits
The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.