Newsroom

Coordinated Action with Office of the Comptroller of the Currency Requires Bank to Reimburse Affected Borrowers and Pay $1 Billion Fine.

The Consumer Financial Protection Bureau (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering or exiting bankruptcy, as required by the Bureau’s 2016 mortgage servicing rule.

Bureau Does Not Intend to Assess Penalties for Errors in Data Collected in 2018, and Plans to Reconsider Aspects of Mortgage Data Rule.

The Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000.

Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis.

Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

CFPB Orders Meridian Title to Disclose its Interests in Future Transactions and Pay up to $1.25 million.

Bureau Also Seeks Public Comment on Proposal for Disclosure of Mortgage Data.

Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.

Final Rule Also Clarifies Certain Requirements to Help Companies Comply.

Proposed Rule Would Temporarily Raise the Reporting Threshold for Smaller Institutions.

Prepared Remarks of CFPB Director Richard Cordray Director at the Rainbow/PUSH Coalition’s 46th Annual Convention in Chicago, Ill.

Changes Will Provide More Clarity, Preserve Protections for Consumers.

Report Discusses Current Approaches and Business Case for Diversity and Inclusion.

Bureau Recovered $6.1 Million for 16,000 Consumers Harmed By Auto Loan Originators.

Proposal Would Clarify Requirements and Help Companies Comply.

Proposed Rule Would Also Aid in Adoption of New Forms.

Bureau’s $1.75 Million Civil Penalty for Persistent and Substantial Reporting Errors is the CFPB’s Largest Penalty to Date for HMDA Violations.

Report Also Looks at Consumer Complaints from Tennessee.

Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000.

Web-based Tool Will Deliver Regular Updates on Consumer Lending Markets.

On behalf of the Bureau, let me welcome all of you and say that we much appreciate this opportunity to discuss consumer financial markets with so many...

Three Companies Cited For Falsely Claiming Consumers Could Not Lose Their Homes.

The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) issued a final rule detailing the method that will be used to make annual inflation adjustments to the threshold for exempting small loans from special appraisal requirements.