US Circuit Court rules CFPB CID unenforceable

The U.S. Court of Appeals for the District of Columbia handed down a ruling against a Civil Investigative Demand issued by the Consumer Financial Protection Bureau to the Accrediting Council for Independent Colleges and Schools.

CFPB issues HMDA clarification

The proposal contains a number of clarifications, technical corrections and minor changes to facilitate compliance with the 2015 updates to the Home Mortgage Disclosure Act rule.

Court dismisses CFPB UDAAP lawsuit

A federal judge in North Dakota has dismissed an action by the Consumer Financial Protection Bureau against a third-party payment processor.

Experian fined $3 million over credit score marketing

The Costa Mesa, Calif., company told consumers the credit scores it marketed and provided were used by lenders to make credit decisions; lenders did not use those same Experian scores to make such decisions, the bureau said.

CFPB slaps Nationstar with $1.75 million fine

This week, the Consumer Financial Protection Bureau entered into a consent order with Nationstar Mortgage that will require the lender to pay $1.75 million over HMDA violations.

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