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.
Today, the Consumer Financial Protection Bureau (CFPB) is using its rulemaking authority to propose that consumer reporting agencies (CRAs) do not prevent survivors of human trafficking from achieving financial independence. The proposed rule would protect survivors of human trafficking by preventing CRAs from including negative information resulting from abuse. Congress required the CFPB to issue rules as part of the recently-enacted Debt Bondage Repair Act.
Find the information you need to make more informed choices about your money.
Today, we're proposing new mortgage servicing rules. So, what's mortgage servicing and why does it need the new rules? The short answer is that mortgage...
Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies.
Call your mortgage servicer as soon as you know you can’t make your monthly payment.
“Pig butchering” and other scams lead list of crypto-asset complaints.
CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...
The Consumer Financial Protection Bureau is launching a rulemaking to block medical debt collectors from weaponizing the credit reporting system to coerce patients into paying bills they may not even owe.
The CFPB is part of the Global Financial Innovation Network (GFIN), an international network of more than 50 regulatory agencies worldwide.
Yes, if your loan is a federally related mortgage loan under the Real Estate Settlement Procedures Act (RESPA), there is a limit on how much the lender can make you pay into an escrow account.
Contracts for deed are loans where the seller keeps the legal title of a home until the borrower makes all the payments. Some contracts for deed can provide a path to homeownership, but most carry risks. Sellers under a contract for deed might fail to provide the required consumer protections and expose you to expensive problems.
Today the Bureau is filing a lawsuit against Ocwen, one of the nation's largest nonbank mortgage servicers. We are seeking relief to compensate consumers...
Delinquencies. Defaults. Foreclosures. Let's face it: before the housing crisis, these and many other terms were foreign to many of us. Since 2008, however...
Today, the Bureau released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt...
This interim final rule provides a regulatory exception for certain programs that allow borrowers to defer repayment of forborne or delinquent amounts that accrued due to the COVID-19 emergency.
The Bureau is issuing an interpretive and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which amended certain provisions of the Home Mortgage Disclosure Act.
Six federal financial regulatory agencies announced today that they are extending the comment period for their proposed policy statement for assessing...
The Bureau is proposing to amend subpart B of Regulation E, which implements the Electronic Fund Transfers Act, and the official interpretation to the...
Whether you’re thinking of buying a home, already have a home loan, or are having trouble paying your mortgage, we have resources to help you every step of the way.
