A group developing an alternative interest rate reference tool “will not be in a position” to recommend a forward-looking rate by the middle of this year, the group said Tuesday, adding it also encourages market […]
The acting director of the Consumer Financial Protection Bureau (CFPB) on Tuesday stated the bureau’s continued belief that ability to repay is an important underwriting standard and held out the possibility of future rulemaking on […]
More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]
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