CFPB Report Highlights Junk Fees Charged by School Lunch Payment Platforms
The CFPB released a report on payment processing companies that help school districts process children’s school lunch payments.
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CFPB Warns Against Intimidation of Whistleblowers
The CFPB issued a circular explaining how companies may break the law by requiring employees sign broad nondisclosure or confidentiality agreements that deter whistleblowing.
Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today issued final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions.
CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products
The CFPB proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act.
Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling.
Remarks by CFPB Director Rohit Chopra at the Department of the Treasury’s Announcement on Cloud Service Provider Resilience
Director Chopra joined an event hosted by Deputy Secretary of the Treasury Wally Adeyemo to announce a series of steps that the U.S. government and the financial sector are taking to safeguard risks to the financial system with respect to cloud service providers. The transcript has been slightly edited for clarity.
Prepared Remarks of CFPB Director Rohit Chopra on Emerging Paycheck Advance Products
Director Chopra delivered remarks on a press call to discuss the CFPB’s proposed interpretive rule on emerging paycheck advance comments.
FFIEC Publishes 2023 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
CFPB propone normativa para evitar ejecuciones hipotecarias | CFPB
La CFPB propone nueva normativa para facilitarles a los propietarios de viviendas recibir asistencia, cuando tengan dificultades para pagar sus hipotecas.
CFPB Proposes Rules to Help Homeowners Avoid Foreclosure
The CFPB proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage.
Prepared Remarks of CFPB Director Rohit Chopra, Vice Chair of the Financial Literacy and Education Commission, on Fraud in Consumer Payments
Since late 2021, the CFPB has been analyzing the various vectors where fraud is being perpetrated today and is identifying the new ways where we expect fraud to be perpetrated in the future. Addressing these will require a range of policy tools and private-sector action.
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts
The CFPB took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying millions in penalties as well as paying redress to harmed consumers.
CFPB Exams Find Loan Servicing Failures, Illegal Debt Collection Practices, and Issues with Medical Payment Products
The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.
CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use
Borrower survey of mortgage originations
CFPB Extends Compliance Dates for Small Business Lending Rule
The CFPB issued an interim final rule to extend compliance deadlines for the Section 1071 small business lending rule.
CFPB extiende fecha de cumplimiento normativa de crédito a la pequeña empresa | CFPB
La CFPB emite normativa final interina para extender la fecha para el cumplimiento de la Sección 1071 de la normativa de crédito a la pequeña empresa.
CFPB Takes Action Against Sutherland Global and NOVAD Management Consulting for Reverse Mortgage Servicing Failures
The CFPB ordered a reverse mortgage servicing operation to stop illegal activities that harmed older homeowners and caused them to fear losing their homes.
CFPB Actúa contra Administradores de Hipotecas Inversas | CFPB
The CFPB ordered a reverse mortgage servicing operation to stop illegal activities that harmed older homeowners and caused them to fear losing their homes.
CFPB actúa contra corporación por violar orden ejecutora | CFPB
La CFPB introdujo una propuesta de orden que obligaría a Freedom Mortgage Corporation a pagar una multa de $3,95 millones, por enviar datos hipotecarios llenos de errores.
CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors
The CFPB filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data.
CFPB Takes Action Against James and Melissa Carnes for Fraudulently Hiding Money to Evade Law Enforcement
The CFPB filed an order to resolve its lawsuit against James R. and Melissa C. Carnes for fraudulent transfers to avoid paying restitution and penalties.
CFPB actúa contra los Carnes por esconder dinero | CFPB
La CFPB introduce orden para resolver su demanda contra James R. y Melissa C. Carnes por hacer transferencias fraudulentas para evitar pagar reparaciones y multas.
Opening Statement of Director Rohit Chopra before the House Financial Services Committee
Since the creation of the CFPB, the agency has returned $20.7 billion to consumers through law enforcement activity and created unquantifiable returns for the over 205 million Americans harmed by the illegal practices that we have stopped.