January 2015 Articles – CFPB Journal

CFPB takes action against JPMorgan and Wells Fargo

The Consumer Financial Protection Bureau has filed a complaint against Wells Fargo and JPMorgan in relation to a referral arrangement the company had with a title company based in Maryland.

CFPB “rate checker” will create tension between lenders and consumers

A tool contained within the CFPB online mortgage tool kit will create friction between mortgage customers and banks.

Dubious research at the CFPB

A scathing article this week in Forbes offers a startling look at some dubious research practices used by the Consumer Financial Protection Bureau when investigating alleged discriminatory lending in the auto loan industry.

Credit Unions seek relief from new Congress

The National Association of Federal Credit Unions has submitted a letter to Congressional leaders outlining its top priorities for 2015. Among other things, the letter calls for relief from over-regulation by the Consumer Financial Protection Bureau.

Consumers don’t compare mortgages, CFPB report finds

Nearly half of consumers don’t compare rates and other factors when choosing a mortgage, according to a report from the Consumer Financial Protection Bureau.