Taskforce on consumer financial law releases report

The Consumer Financial Protection Bureau taskforce on federal consumer financial law released a report last week with recommendations on how to improve consumer protection in the financial marketplace. 

CFPB settles with Omni Financial

The Consumer Financial Protection Bureau issued a consent order against Omni Financial of Nevada, Inc., last week requiring the company to pay a $2.175 million civil money penalty.

Nationstar settles over servicing practices

The Consumer Financial Protection Bureau filed a complaint and proposed stipulated judgment and order this week against Nationstar Mortgage. The company violated multiple Federal consumer financial laws, causing “substantial harm” to the borrowers whose mortgage loans it serviced, the bureau said.

CFPB sues debt settlement company

The Consumer Financial Protection Bureau filed a lawsuit against DMB Financial over alleged violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010.

CFPB changes disclosure of records and debt collection rules

The Consumer Financial Protection Bureau finalized changes to its regulations regarding the disclosure of records and information. It also published a portion of its long-awaited Fair Debt Collection Practices Act rulemaking to modernize and clarify rules around third-party debt collection.

CFPB settles with Washington Federal

Seattle-based Washington Federal Bank., N.A., has settled with the Consumer Financial Protection Bureau over allegations it reported inaccurate Home Mortgage Disclosure Act data.

More articles: