CFPB Finds Americans are Paying Upfront Fees Seeking to Lower Interest Rates on Mortgages
The CFPB issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.
Newsroom
CFPB revela que se están pagando tarifas para reducir tasas de interés
CFPB publica nuevo reporte donde revela que más prestatarios pagaron por “punto de descuento” mientras las tasas de interés aumentan.
Prepared Remarks of CFPB Director Rohit Chopra for CBA Live
Director Chopra provided remarks at CBA Live on March 26, 2024.
2023 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.
CFPB Emite Directrices para Regir los Resultados Arreglados de Comparaciones de Tarjetas de Crédito y Otros Productos Financieros
CFPB explica como las compañías que operan herramientas de comparación de productos financieros, pueden violar la ley cuando favorecen a ciertos productos o prestamistas, porque reciben comisiones por ello.
CFPB Issues Guidance to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products
The CFPB explained how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.
CFPB Orders Federal Supervision for Installment Lender Following Contested Designation
The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over installment lender World Acceptance.
FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending
FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending
CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam
The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.
CFPB Recupera $12 Millones de Jefes de una Estafa con Alivio de Ejecución Hipotecaria
CFPB resuelve apelación en una demanda por $12 millones que tenía tiempo en proceso, contra una operación de estafa con alivio de ejecución hipotecaria.
CFPB y Departamento de Justicia Demandan a la Compañía Desarrolladora y Prestamista Colony Ridge por hacer Ofertas Falsas y Ofrecer Financiamiento Predatorio
CFPB y Departamento de Justicia demandan a la compañía desarrolladora y prestamista Colony Ridge por hacer ofertas falsas y ofrecer financiamiento predatorio.
CFPB and Justice Department Sue Developer and Lender Colony Ridge for Bait-and-Switch Land Sales and Predatory Financing
The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.
Prepared Remarks of CFPB Director Rohit Chopra at the Press Event for Colony Ridge
Director Chopra delivered remarks on the joint CFPB/DOJ action against Colony Ridge.
Opening Statement of Director Rohit Chopra before the Senate Committee on Banking, Housing, and Urban Affairs
I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices, and many others.
Opening Statement of Director Rohit Chopra before the House Committee on Financial Services
I am pleased to share that the CFPB has reached important milestones on critical priorities.
CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data
The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.
Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions
The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2024 are subject to certain Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) requirements.
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400.
CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.
CFPB Issues New Report on State Community Reinvestment Laws
The Consumer Financial Protection Bureau (CFPB) published a new analysis on state Community Reinvestment Act laws, highlighting how states ensure financial institutions' lending, services, and investment activities meet the credit needs of their communities
Prepared Remarks of Eric Halperin, CFPB Enforcement Director, at the NCLC Consumer Rights Litigation Conference
Eric Halperin, CFPB Enforcement Director, gave prepared remarks at the NCLC Consumer Rights Litigation Conference.
Prepared Remarks of Deputy Director Zixta Martinez at The Greenlining Institute's 2023 Just Future Summit
Deputy Director Zixta Martinez spoke about the CFPB at The Greenlining Institute's 2023 Just Future Summit.
CFPB Issues Guidance to Halt Large Banks from Charging Illegal Junk Fees for Basic Customer Service
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.
CFPB demanda al infractor reincidente Freedom Mortgage Corporation por entregar información falsa a reguladores federales
La CFPB presenta una demanda ante un tribunal federal en la que alega que Freedom Mortgage Corporation presentó datos sobre sus préstamos hipotecarios, los cuales son exigidos por la ley, que estaban plagados de errores.
CFPB Sues Repeat Offender Freedom Mortgage Corporation for Providing False Information to Federal Regulators
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court today, alleging that Freedom Mortgage Corporation submitted legally-required mortgage loan data that was riddled with errors.