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The Consumer Financial Protection Bureau wants to ban foreclosures until 2022, according to a recent proposal. The agency’s notice of proposed rulemaking would amend Regulation X to institute a pre-foreclosure review period that would generally prohibit servicers from starting foreclosure until after December 31, 2021.
The Consumer Financial Protection Bureau is likely to take an aggressive approach to payday lending, according to a blog post from Acting Director Dave Uejio.
The Consumer Financial Protection Bureau focused on debt collection requirements during the pandemic, according to this year’s report to Congress on the administration of the Fair Debt Collection Practices Act.
In another Biden era change, the Consumer Financial Protection Bureau has retracted a policy statement it issued last year on the ‘abusive’ standard of the Dodd-Frank Act. “Going forward, the CFPB intends to exercise its supervisory and enforcement authority consistent with the full scope of its statutory authority under the Dodd-Frank Act,” the bureau said.
The Consumer Financial Protection Bureau wants to push back the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.
The number of homeowners who are behind on their mortgage payments has doubled since the pandemic hit last spring, according to a report released by the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau has filed a case against Libre, an immigrant services company, over what the agency called a “predatory immigrant-services scam.”
The Consumer Financial Protection Bureau will center consumer voices, wrote Acting Director Dave Uejio in a blog post outlining priorities for the agency’s Division of Consumer Education and External Affairs.
The Consumer Financial Protection Bureau has issued its fall 2020 semi-annual report, which covers fall 2019 to summer 2020.
Dave Uejio, acting director of the Consumer Financial Protection Bureau, plans to prioritize COVID-19 relief for consumers and racial justice issues during his time at the helm of the agency.