CFPB takes a closer look at consumer mortgage complaints

CFPB takes a closer look at consumer mortgage complaints

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report, offering an overview of consumer complaints in a variety of industries overseen by the bureau. While much... Read more »
The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly

The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly

While the proposed tax credit appears unlikely to get through a Republican-controlled Congress, Biden has the ability to use the CFPB to push his housing policy agenda. An ‘unwelcome surprise’ A CFPB... Read more »
CFPB, FTC file amicus brief against Ocwen over servicing ‘convenience’ fees

CFPB, FTC file amicus brief against Ocwen over servicing ‘convenience’ fees

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced this week that they have filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit,... Read more »
CFPB takes a closer look at consumer mortgage complaints

CFPB settles decade-old foreclosure relief scam enforcement suit

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it has reached a settlement with four attorneys and their company, Consumer First Legal Group, over a long-running enforcement case regarding what... Read more »
CFPB takes a closer look at consumer mortgage complaints

Watchdog report says CFPB can ‘enhance’ enforcement investigation processes

The Office of the Inspector General (OIG) that overseeing both the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (CFPB) released a report stating that the... Read more »
CFPB advises the public of scammers posing as Bureau officials

CFPB advises the public of scammers posing as Bureau officials

The Consumer Financial Protection Bureau (CFPB) is sounding the alarm about an accelerating rate of scams that most commonly target older Americans, where a bad actor will pose as an official representative... Read more »
CFPB takes a closer look at consumer mortgage complaints

DOJ and CFPB sue Colony Ridge over predatory lending practices

The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of... Read more »
CFPB, OCC and Federal Reserve raise thresholds for TILA standards

CFPB, OCC and Federal Reserve raise thresholds for TILA standards

The Consumer Financial Protection Bureau (CFPB) on Monday announced its joint rulemaking with the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) to determine new cutoff thresholds... Read more »
CFPB, OCC and Federal Reserve raise thresholds for TILA standards

CFPB report finds state community reinvestment laws can go beyond federal version

The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report features details... Read more »
Senate votes to block CFPB small business lending rule, Biden threatens veto

Senate votes to block CFPB small business lending rule, Biden threatens veto

With the U.S. House of Representatives effectively incapable of conducting lawmaking business until a new speaker is elected, the U.S. Senate is pressing forward with its own business, including the Wednesday vote... Read more »