Newsroom
The Consumer Financial Protection Bureau granted a no-action letter to Bank of America, N.A. regarding certain small-dollar credit products.
The Consumer Financial Protection Bureau today filed a lawsuit against Driver Loan, LLC, and its Chief Executive Officer, Angelo Jose Sarjeant, for allegedly engaging in deceptive acts or practices in taking deposits from and offering credit to consumers.
On November 2, 2020, the CFPB issued a consent order against SMART Payment Plan, LLC, finding that the company’s disclosures of its loan payment program contained misleading statements.
On October 30, 2020, the Consumer Financial Protection Bureau issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt.
Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions.
Director Kathy Kraninger's remarks on the role of economic analysis and evidence-based policymaking at the Bureau, the role of research to measure the effectiveness of rulemakings, and the role of research in supervisory and enforcement work.
The Consumer Financial Protection Bureau issued today a final rule amending its Disclosure of Records and Information Regulation.
On October 28, 2020, the Consumer Financial Protection Bureau Private Education Loan Ombudsman issued the 2020 Annual Report, which shows that that from September 1, 2019, through August 31, 2020, the Bureau handled approximately 7,000 complaints related to private or federal student loans.
Today, the Consumer Financial Protection Bureau settled with Washington Federal Bank, N.A., a federally insured national bank, to address the Bureau’s finding that it reported inaccurate Home Mortgage Disclosure Act data about its mortgage transactions for 2016 and 2017.
On October 26, 2020, the Consumer Financial Protection Bureau issued a consent order against Low VA Rates LLC, which sent consumers mailers for mortgage loans guaranteed by the U.S. Department of Veterans Affairs that contained false, misleading, and inaccurate statements.
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking requesting information related to consumer access to financial records.
The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage loan definition in Regulation Z.
CFPB Director Kathleen L. Kraninger and Brandon Copeland, pro linebacker and Financial Literary Professor, will host a virtual town hall to discuss how people can better manage their money during tough times.
On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.
The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.
The Consumer Financial Protection Bureau issued a report on agreements between credit card issuers and institutions of higher education.
The Consumer Financial Protection Bureau issued a policy statement on applications for early termination of administrative consent orders.
Research examining changes to terms and cost of a mortgage loan during the origination process also released.
‘Operation Corrupt Collector’ targets debt collectors trying to collect on non-existent debts, using illegal scare tactics.
Homeownership is part of the American Dream. The GSEs play a central role in the $11 trillion single-family mortgage market, helping many consumers achieve their dream of owning a home.
By
Kathleen L. Kraninger
The Consumer Financial Protection Bureau is extending the comment period on its notice of proposed rulemaking to create a new category of seasoned qualified mortgages by three days.
The Consumer Financial Protection Bureau settled with Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California.
Consumer Financial Protection Bureau Director Kathleen L. Kraninger has announced the appointment of new members to several advisory committees.
The Consumer Financial Protection Bureau filed a proposed stipulated judgment against PEAKS Trust 2009-1, along with Deutsche Bank National Trust Company, Deutsche Bank Trust Company Delaware, and Deutsche Bank Trust Company Americas, in their capacity as trustees to PEAKS Trust 2009-1 (collectively, “PEAKS”).
The Consumer Financial Protection Bureau released its Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act governing small business lending data collection and reporting.
