Last week, the Consumer Financial Protection Bureau issued an advanced notice of proposed rulemaking relating to the impending expiration of a mortgage rule that affects two large American guarantors.
Earlier this month, the Consumer Financial Protection Bureau issued an advisory to banks and lending institutions regarding the reporting of financial exploitation of older consumers.
The report summarizes the bureau’s 2018 efforts to ensure “fair, equitable, and nondiscriminatory access to credit for both individuals and communities” as mandated by the Dodd-Frank Act.
The Consumer Financial Protection Bureau recently held the first of a series of planned symposia on various regulatory themes, including a panel on how to practically implement the abusive standard.
The Consumer Financial Protection Bureau this week held the first of a series of planned symposia on various regulatory themes. The first topic addressed was “unfair, deceptive, or abusive acts or practices”.
The Consumer Financial Protection Bureau announced a consent order with Freedom Home Mortgage Corporation. The enforcement action follows an investigation of errors in reporting on mortgage transactions.
CES agreed to pay a fine of $3.9 million for irregularities in its business operations as well as adjust the principal balances of the affected loans and make restitution to borrowers who paid off loans with an incorrect balance.
The 2020 fiscal year federal budget proposed by the Trump Administration earlier this month would alter the funding structure of the Consumer Financial Protection Bureau, bringing it under the typical Congressional appropriations process.
The Consumer Financial Protection Bureau this week released the latest edition of its supervisory highlights report. The findings included in the report cover examinations in the areas of automobile loan servicing, deposits, mortgage servicing, and remittances.
Last week, the Consumer Financial Protection Bureau issued a report on the issues and trends revealed by reports of suspicious activity relating to elder financial exploitation.