RSSTool helps compare college expenses
On April 11, the CFPB unveiled an online tool to help people shop for college. The tool, located at the CFPB web site, allows a person to list expenses for three colleges, side by side.
Author Archives: CFPB Journal staff report
CFPB’s Office of Older Americans to get new leader
Hubert H. Humphrey III, who was named Assistant Director for Older Americans at the Consumer Financial Protection Bureau on Oct. 9, 2011, has taken on a new post at the bureau; he is now Senior Liaison Officer.
CFPB penalizes mortgage companies for reinsurance kickbacks
The Consumer Financial Protection Bureau announced on April 4 four enforcement actions to end what the CFPB said it believes to be “improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business.”
Bureau announces study on compliance costs
On March 20, the Consumer Financial Protection Bureau’s Deputy Associate Director Dan Sokolov announced the Bureau’s plans to work with banks in order to quantify the cost of compliance with key federal regulations.
Director Cordray meets with Illinois community bankers
In three separate meetings with the Consumer Financial Protection Bureau, the Community Bankers Association of Illinois has learned new details about the Bureau and has offered suggestions to diminish its impact on community banks.
CFPB digs into operations of top credit bureaus
Although everyone is entitled to a free copy of their credit report each year, only about 20 percent of eligible recipients actually obtain a copy. Also, the majority of the information in the typical credit report is provided by a small number of large banks.
CFPB reports public enforcement action
Banks and non-banks have paid an aggregate $101.5 million in penalties and $435 million in restitutions to consumers since the Consumer Financial Protection Bureau’s inception in July 2011.
City of Chicago enters into agreement with CFPB
The City of Chicago and the Consumer Financial Protection Bureau will join forces to crack down on the city’s non-bank lenders.
CPFB Ombudsman raises concerns about Bureau attorneys at supervisory examinations
The Consumer Financial Protection Bureau’s Ombudsman’s Office recently suggested a shortcoming of the Bureau’s policy to involve enforcement attorneys at every stage of supervisory examinations.
CFPB sends warning to specialty consumer reporting agencies
The Consumer Financial Protection Bureau warned specialty consumer reporting agencies that they are required to make individual reports easily available to consumers who request them.
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