Press release Published JUL 14, 2017 CFPB Proposes Changes to Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions Proposed Rule Would Temporarily Raise the Reporting Threshold for Smaller Institutions. • Home Mortgage Disclosure Act • Mortgages
Press release Published JUL 14, 2017 Prepared Remarks of CFPB Director Richard Cordray at the Rainbow/PUSH Coalition's 46th Annual Convention Prepared Remarks of CFPB Director Richard Cordray Director at the Rainbow/PUSH Coalition’s 46th Annual Convention in Chicago, Ill. • Access to credit • Business loans • Credit reports and scores • Mortgages
Press release Published JUL 10, 2017 CFPB Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing. • Arbitration
Press release Published JUL 07, 2017 CFPB Announces New Advisory Board and Council Members Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to CFPB's board and councils. • Academic Research Council • Community Bank Advisory Council • Consumer Advisory Board • Credit Union Advisory Council
Press release Published JUL 07, 2017 CFPB Finalizes Updates to "Know Before You Owe" Mortgage Disclosure Changes Will Provide More Clarity, Preserve Protections for Consumers. • Mortgages • Truth in Lending Act (TILA)
Press release Published JUN 27, 2017 CFPB Releases State-Level Snapshot of Consumer Complaints Report Provides National and State-by-State Overviews of the Complaints Submitted to the Bureau. • Consumer complaints • Data
Press release Published JUN 27, 2017 CFPB Takes Actions Against Credit Repair Companies for Charging Illegal Fees and Misleading Consumers Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds. • Credit reports and scores • Enforcement
Press release Published JUN 22, 2017 CFPB Spotlights Borrower Complaints About Student Loan Servicers Mishandling Public Service Loan Forgiveness Program Consumer Bureau Launches “Certify Your Service” Campaign to Help Teachers, First Responders, and Other Public Servants Stay on Track. • Student loans
Press release Published JUN 15, 2017 CFPB Seeks Comment on Proposed Changes to Prepaid Rule Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets. • Credit CARD Act • Electronic payments • Prepaid cards • Regulation E • Truth in Lending Act (TILA)
Press release Published JUN 08, 2017 Consumer Financial Protection Bureau Encourages Retail Credit Card Companies to Consider More Transparent Promotions Bureau Notes that Deferred-Interest Promotions May Lack Transparency, Carry Risks to Consumers.
Press release Published JUN 07, 2017 Consumer Financial Protection Bureau Study Finds Consumers in Lower-income Areas are More Likely to Become Credit Visible Due to Negative Records Consumers In Higher-Income Areas More Likely Than Those in Lower-Income Areas to Establish Credit with a Credit Card or Co-Borrower. • Access to credit • Credit reports and scores • Data • Research
Press release Published JUN 07, 2017 Consumer Financial Protection Bureau Takes Action Against Fay Servicing for Failing to Provide Mortgage Borrowers with Protections Against Foreclosure Fay Servicing to Pay up to $1.15 Million to Borrowers Harmed by Illegal Servicing Practices.
Press release Published MAY 31, 2017 CFPB Monthly Snapshot Spotlights Complaints from Older Consumers Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products. • Consumer complaints • Data • Older Americans
Press release Published MAY 16, 2017 CFPB Report Finds That 9 in 10 of the Highest-Risk Student Loan Borrowers Were Not Enrolled in Affordable Repayment Plans Nearly Half of the Highest-Risk Borrowers Not Enrolled in an Affordable Repayment Plan Redefault. • Debt collection • Student loans • Students
Press release Published MAY 10, 2017 CFPB Explores Ways to Assess the Availability of Credit for Small Business CFPB Asks for Public Feedback on Ways to Bridge the Information Gap on Small Business Lending. • Access to credit • Business loans
Press release Published APR 27, 2017 CFPB Sues Four Online Lenders for Collecting on Debts Consumers Did Not Legally Owe Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed. • Enforcement • Payday loans • Small dollar lending
Press release Published APR 27, 2017 CFPB Releases Report Outlining Strategies for Promoting Diversity and Inclusion in the Mortgage Industry Report Discusses Current Approaches and Business Case for Diversity and Inclusion. • Discrimination • Mortgage servicing • Mortgages
Press release Published APR 26, 2017 CFPB Issues $1.25 Million Fine to Servicemember Auto Lender for Violating Consent Order Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics. • Auto loans • Enforcement • Servicemembers
Press release Published APR 26, 2017 CFPB Supervision Finds Some Student Loan and Mortgage Servicers Illegally Fail to Provide Protections to Borrowers Bureau Recovered $6.1 Million for 16,000 Consumers Harmed By Auto Loan Originators. • Fair lending • Mortgages • Student loans • Supervision
Press release Published APR 25, 2017 CFPB Monthly Snapshot Spotlights Student Loan Complaints Report Also Looks at Consumer Complaints from Nevada. • Consumer complaints • Data • Student loans
Press release Published APR 20, 2017 CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes. • Enforcement • Mortgage servicing
Press release Published APR 17, 2017 CFPB Files Suit Against Law Firm for Misrepresenting Attorney Involvement in Collection of Millions of Debts CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters. • Debt collection • Enforcement
Press release Published APR 13, 2017 CFPB Issues Proposal to Clarify Mortgage Data Rule Proposal Would Clarify Requirements and Help Companies Comply. • Home Mortgage Disclosure Act • Mortgages • Rulemaking
Press release Published MAR 28, 2017 CFPB Monthly Snapshot Spotlights Credit Card Complaints Report Also Looks at Consumer Complaints from Massachusetts. • Consumer complaints • Credit cards • Data
Press release Published MAR 24, 2017 CFPB Issues Proposal to Provide Flexibility to Certain Mortgage Lenders in Collecting Information Proposed Rule Would Also Aid in Adoption of New Forms. • Equal Credit Opportunity Act • Home Mortgage Disclosure Act • Mortgages • Rulemaking