CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...
Lender to Pay $2 Million Civil Penalty for Illegal Conduct Today, the Bureau took action against NewDay Financial, LLC for deceptive mortgage advertising...
CFPB Issues Advisory Offering Tips to Borrowers on Protecting Family Members Today the Bureau released a report highlighting the top complaints for reverse...
Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today proposed several changes to its mortgage...
Banks to Pay $35.7 Million After Loan Officers Illegally Traded Referrals for Cash and Marketing Services Today, the Bureau and the Maryland Attorney...
Tweaks Address Mortgage Disclosures After Locking Interest Rates and Information on Construction Loans The Bureau today finalized two minor modifications to...
Our first survey, at the beginning of last year, found that nearly half of all consumers do not shop around for a mortgage when buying a home. So this week...
Our first survey, performed at the beginning of last year, found that nearly half of all consumers do not shop around for a mortgage when buying a home...
CFPB Releases "Owning a Home" Toolkit to Help Consumers Shopping for a Mortgage Today, the Bureau released a report finding that almost half of consumers do...
Today I want to talk to you about electronic payment networks in general. This includes the ACH system but it also includes debit card networks and the...
Today, the Bureau proposed additional measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The proposal...
Bureau Warns Lenders Against Creating Illegal Hurdles for Recipients of Social Security Disability Income Today, the Bureau is issuing a bulletin to help...
Company to Pay $730,000 to Consumers Harmed by Illegal Bonus Program Today, the Bureau ordered a California mortgage lender, Franklin Loan Corporation, to...
Our efforts reflect concern about access to credit and do not reflect a one-sided perspective to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much. We are aiming instead at doing justice.
The Bureau today finalized minor adjustments to its mortgage rules to ensure access to credit. The adjustments, which were proposed in April, include two...
Bureau Orders Michigan Title Insurance Agency to Pay $200,000 Today, the Bureau ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000...
Today the Bureau is taking its first enforcement action under the Bureau's new mortgage servicing rules. We are entering an order against Michigan-based...
Today the Bureau took action against Michigan-based Flagstar Bank for violating the CFPB's new mortgage servicing rules by illegally blocking borrowers'...
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,190 U.S...
The Federal Reserve Board and the Bureau today announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer...
Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for the opportunity to testify today about the implementation of the Dodd-Frank Act. We appreciate your oversight and leadership as we all work to strengthen our financial system and to ensure that it serves both consumers and the long-term foundations of the American economy.
Good afternoon. Thank you for the invitation to speak with you today. I know that we share common goals: a strong and vibrant housing sector, as well as a highly competitive, sustainable economy.
The Bureau today announced the selection of participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year, and will...
Bureau Highlights Risks in Transferring Loans Under Loss Mitigation Review Today, the Bureau is releasing a bulletin outlining expectations for mortgage...
