Article Archives – Page 2

CFPB issues temporary foreclosure rules as moratorium ends

The Consumer Financial Protection Bureau is issuing rules to ease the move from the foreclosure moratorium to resumption of normal business.

CFPB will resume MLA exams

The Consumer Financial Protection Bureau issued an interpretive rule laying out its plans to resume examinations for conduct violating the Military Lending Act.

CFPB lays out rulemaking agenda

The Consumer Financial Protection Bureau outlined its rulemaking agenda for the next six months under Acting Director Dave Uejio.

Uejio reiterates emphasis on pandemic, discrimination

Dave Uejio, acting director of the Consumer Financial Protection Bureau, reiterated his focus on consumer financial issues stemming from the pandemic and discrimination.

CFPB settles with Florida lender

The Consumer Financial Protection Bureau filed a proposed settlement against Driver Loan, LLC, and its CEO Angelo Jose Sarjeant over violations of the Consumer Financial Protection Act of 2010.

CFPB sues auto lender over CFPA violations

The Consumer Financial Protection Bureau has issued a consent order against 3rd Generation, Inc., for illegally charging interest for late payment on its Loss Damage Waiver product without its customers’ knowledge.

CFPB seeks $5.4 million from debt settlement company

The Consumer Financial Protection Bureau has asked for a court order to require DMB Financial to pay consumers at least $5.4 million over illegal fees and disclosure violations.

CFPB: Credit reporting, debt collection drive servicemember complaints

Credit reporting and debt collection topped the list of complaints filed by servicemembers, according to a recent report from the Consumer Financial Protection Bureau.

Complaints rising in minority counties, CFPB says

Over the past two years, the Consumer Financial Protection Bureau received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties.

CFPB delays QM rule compliance date

The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.