CFPB Releases Report on Debt Settlements and Credit Counseling
The Consumer Financial Protection Bureau released a report examining recent trends in debt settlement and credit counseling.
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Consumer Financial Protection Bureau Report Shows Substantial Decline in Credit Applications in March
A Consumer Financial Protection Bureau report examining the effects of the COVID-19 pandemic found that consumer credit applications declined substantially in March.
Federal Agencies Encourage Banks, Savings Associations, and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19
Five federal financial regulatory agencies issued a joint statement encouraging banks, savings associations, and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19
The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.
CFPB Issues Interpretitive Rule on Screening and Training Requirements for Mortgage Loan Originators
The Consumer Financial Protection Bureau (Bureau) issued today an interpretive rule clarifying screening and training requirements for financial institutions which employ loan originators with temporary authority. The rule will be effective on November 24, 2019.
CFPB Releases Research on Tax Time Savings
The Consumer Financial Protection Bureau (Bureau) released today the results of a pilot study, Planning for tax-time savings, launched with the tax preparation company H&R Block that shows that simple messages encouraging customers to use their prepaid card to save at tax time increased the likelihood that they would do so.
CFPB To Hold First Symposium On June 25
The Consumer Financial Protection Bureau announced today that its first symposium will be held on June 25 at 9 am.
Consumer Financial Protection Bureau Settles with Broker of High-interest Credit Offers
Individual Violated Consumer Financial Protection Act in Brokering Credit Offers to Veterans
Consumer Financial Protection Bureau Settles Claims with Sterling Jewelers, Inc.
Jewelry Retailer Enrolled Customers in Credit Cards and Related Products Without Their Consent