A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]
Mortgage servicers would receive 10 more days to tell borrowers facing foreclosure — who have requested a cease in communication under federal debt collection law — about their options in preventing the foreclosure, under an […]
Effective date: CFPB final rule that amends Regulation B to permit creditors additional flexibility in complying with Regulation B in order to facilitate compliance with Regulation C, adds certain model forms and removes others from Regulation B, […]
No response has been made yet by the Consumer Financial Protection Bureau (CFPB) to an allegation that removing arbitration clauses for financial products and services raises costs of credit by about 25%. Acting Comptroller of […]
An Indiana real estate settlement services provider was ordered to pay up to $1.25 million and cease illegal practices of steering consumers to a title insurer owned by its executives, the Consumer Financial Protection Bureau […]
Graphic displays key results of CFPB “financial well being” survey, released Sept. 26; for details see: Two in five struggling to make ends meet, bureau finds in ‘financial well-being’ survey PNG version (click here) JPG […]
Millions of American adults – more than two in every five – struggle to make ends meet, and more than one-third of all consumers reported experiencing material hardships in the past year, according to the […]
A proposed merger of the federal credit union savings insurance fund with a fund set up to stabilize “corporate” credit unions in the wake of the financial crisis – which could result in between $600 […]
A modification in federal mortgage rules that the Consumer Financial Protection Bureau (CFPB) said is aimed at providing additional flexibility for lenders in collecting consumer ethnicity and race information was finalized and published Wednesday by […]
Former professional football players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, 9/11 first responders and others awaiting payment from legal settlements were lied to by a New Jersey company in loan […]
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