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Consumer Financial Protection Bureau Director Rohit Chopra is pledging to take a stronger stand against bank overdraft and non-sufficient fund fees by enhancing supervisory and enforcement scrutiny of financial institutions “that are heavily dependent on overdraft fees.”
The Consumer Financial Protection Bureau is asking for input on rules implementing the Home Mortgage Disclosure Act as it considers a review of their effectiveness.
The Consumer Financial Protection Bureau is reinstating some foreclosure timing requirements around Regulation X, it said in a joint statement with other government agencies.
Consumer reporting companies that rely on name-matching alone to match records to an individual are violating the Fair Credit Reporting Act, the Consumer Financial Protection Bureau said.
The Consumer Financial Protection Bureau has named an Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement.
Mississippi’s Trustmark National Bank is settling a case with the Consumer Financial Protection Bureau and the U.S. Department of Justice over redlining allegations in the Memphis area.
Zixta Q. Martinez has been named deputy director at the Consumer Financial Protection Bureau, overseeing its operations division. The agency also named a chief of staff, chief technologist and associate director for consumer education and external affairs.
The Consumer Financial Protection Bureau recently revealed an increase in the adoption of fintech during the pandemic, according to a recent report.
The Consumer Financial Protection Bureau filed a complaint and proposed consent order alleging that American Advisors Group used “inflated and deceptive” home estimates to get consumers into taking out reverse mortgages.
Consumer credit card debt fell at an unprecedented pace last year, according to the annual Consumer Credit Card Market Report.