RSSCFPB 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.
Category Archives: November 2012 Articles
Pew study finds most large banks steer customers to arbitration to resolve disputes
A majority of the largest banks in the country restrict their customers’ legal options for resolving disputes. A study released Nov. 26 by The Pew Charitable Trusts found that 64 percent of the largest 100 banks restrict the dispute resolution options for their checking account customers.
Bureau to collaborate with consumer-friendly innovators
The Consumer Financial Protection Bureau has launched an initiative to encourage consumer-friendly innovation in financial products.
CFPB raises the bar on fair lending, other mortgage issues
Jonathan Foxx, Managing Director of Lenders Compliance Group, Long Beach, N.Y. Foxx is a 30-year veteran of the mortgage industry and founder of the Association of Residential Mortgage Compliance Professionals. Foxx is interviewed by Justin Dullum of the CFPB Journal staff.
Third senior officer leaves CFPB
Raj Date, the man on Director Richard Cordray’s right hand, will leave the Consumer Financial Protection Bureau after it completes its mortgage rules, likely sometime in 2013.
CFPB highlights findings in its initial round of exams
In its first report of examination findings, the Consumer Financial Protection Bureau stresses that institutions under its supervisory authority should have a good compliance management system (CMS).
CFPB, FHFA to work together to create national database on mortgages
The Consumer Financial Protection Bureau is teaming up with the Federal Housing Finance Agency to create a National Mortgage Database.
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