Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
A debt collection firm in Massachusetts would be required to pay $5.4 million in consumer redress and a $1 civil money penalty under a settlement proposed Monday by the Consumer Financial Protection Bureau (CFPB). The […]
The number of servicemember complaints to the federal consumer financial protection agency rose 14% in 2020 to a total of 40,800, with about 8% of those complaints including “coronavirus” or related keywords, the bureau said […]
Findings from a look at consumers’ use of payday, title, and pawn loans over periods in 2019 vs. 2020 and the factors that may contribute to such use are detailed in a “data point” report […]
Black and Hispanic mortgage borrowers are much more likely to be delinquent or in a forbearance program than white borrowers, and overall complaints about mortgages have increased to the highest level in three years, the […]
Notification letters of federal protections in place to keep tenants in their homes to deal with the coronavirus crisis were sent Monday to the nation’s largest apartment landlords by the Consumer Financial Protection Bureau (CFPB) […]
Recommendations for the budget process related to the review of stale obligations and human capital benefit program monitoring of employee expense reimbursement submissions related to professional licenses, certifications, and memberships were made in the latest annual […]
More complaints were received in 2019 and 2020, on a per capita basis, from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties, the federal consumer financial protection agency said […]
Alleged unauthorized withdrawals by a Texas-based mortgage servicer sparked the federal consumer financial protection agency to issue a statement Tuesday pledging to take “immediate action to understand and resolve the situation that has affected hundreds […]
Compliance with a final rule on “qualified mortgages” (QMs) is delayed to Oct. 1, 2022, the federal consumer financial protection agency said Tuesday, asserting that the delay would allow lenders more time to offer the […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info