The Consumer Financial Protection Bureau wants to ban foreclosures until 2022, according to a recent proposal. The agency’s notice of proposed rulemaking would amend Regulation X to institute a pre-foreclosure review period that would generally prohibit servicers from starting foreclosure until after December 31, 2021.
Welcome to the CFPB Journal, your online publication for information about the Consumer Financial Protection Bureau.
If you work in financial services, you need CFPB Journal. Our team of seasoned reporters and editors brings you original coverage of the Bureau you won’t find anywhere else. Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Reserve-housed Bureau has unprecedented authority, jurisdiction and power. Follow CFPB developments, learn how others are complying with CFPB rules, and monitor general public reaction to the Bureau by checking in often with the CFPB Journal.
Sign up for a FREE weekly update by entering your email address in the box at the upper right corner of this page. Each update contains our latest posts and a list of links to “best of the web” articles.
The Consumer Financial Protection Bureau outlined its rulemaking agenda for the next six months under Acting Director Dave Uejio.
Dave Uejio, acting director of the Consumer Financial Protection Bureau, reiterated his focus on consumer financial issues stemming from the pandemic and discrimination.
The Consumer Financial Protection Bureau filed a proposed settlement against Driver Loan, LLC, and its CEO Angelo Jose Sarjeant over violations of the Consumer Financial Protection Act of 2010.
The Consumer Financial Protection Bureau has issued a consent order against 3rd Generation, Inc., for illegally charging interest for late payment on its Loss Damage Waiver product without its customers’ knowledge.
The Consumer Financial Protection Bureau has asked for a court order to require DMB Financial to pay consumers at least $5.4 million over illegal fees and disclosure violations.