A firm that prepares background screening reports on job applicants will be required to pay $6 million in monetary relief to affected consumers – and a $2.5 million civil money penalty – to resolve allegations […]
Overdraft protection may be coming up again soon at the federal consumer financial protection agency – but it’s not clear precisely when, according to the fall 2019 rulemaking agenda posted by the agency Wednesday. The […]
Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In […]
Of the bureau’s total staffing in fiscal 2019, approximately 44% was dedicated to supervision, enforcement and fair lending, the Consumer Financial Protection Bureau (CFPB) shows in its financial report for the period. The report, released […]
Screening and training requirements for financial institutions which employ loan originators with temporary authority are clarified under a rule released Friday by the federal consumer financial protection agency. The interpretive rule issued by the Consumer […]
Financial statements at the federal consumer financial protection agency are presented fairly and internal controls are effective, the congressional watchdog reported Friday in its annual, statutorily required financial audit of the agency. The Government Accountability […]
Average “financial well-being” scores for adults aged 18 and older, assigned state by state by the federal agency charged with consumer financial protection, ranged from 50 to 54 out of a possible 100 based on […]
Rules that require financial institutions to gather and report information about credit applications from minority and women-owned businesses “will be done with great care and consideration,” keeping in mind “sensitivities” expressed by some in small […]
A student loan debt relief operation involving numerous companies has been forced to temporarily halt activities under a restraining order sought in connection with action filed by the Consumer Financial Protection Bureau (CFPB) and law […]
Dollar thresholds have been set at $58,300 for determining exempt consumer credit and lease transactions in 2020 under rule changes issued jointly by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) and slated […]
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