Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A “trends view” of consumer complaints which allows users to see information about complaints over time using a set of filter options has been added to the consumer complaint database of the federal consumer financial […]
Helping students clearly understand the total cost of attending college and making informed decisions about paying for their education is the stated aim of a new web-based tool rolled out Wednesday by the federal consumer […]
A Texas student-loan debt relief company, two of its owners, a marketer and her company, and attorneys in three states are named in a complaint for charging borrowers nearly $12 million in illegal upfront fees, […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): Extension of Sunset Date Subject: Qualified mortgage Agency: CFPB Status: Final rule; official interpretation Summary: With certain exceptions, Regulation Z requires creditors to […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): General QM Loan Definition; Delay of Mandatory Compliance Date Subject: Qualified mortgage Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial […]
Credit builder loans could increase the likelihood of credit record establishment for consumers without such documentation and could improve credit scores of those without current outstanding debt, according to a report released Monday by the […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans Subject: Payday lending Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to amend its regulations governing […]
A record amount of $11.4 billion in debt settlements 10 years ago during the Great Recession may provide a road map of what’s to come in 2020 as the financial impact of the coronavirus crisis […]
Two proposed rules aimed at addressing the pending expiration of the so-called “GSE patch” in the federal consumer financial protection agency’s qualified mortgage provisions of its Truth in Lending Act regulation are slated for publication […]
The role of artificial intelligence (AI) and, within it, machine learning (ML), in the credit underwriting process is under review at the Consumer Financial Protection Bureau (CFPB), which highlighted in a blog post Wednesday the […]
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