RSSCFPB sues California loan company
The Consumer Financial Protection Bureau is suing LendUp Loans, LLC, for allegedly violating a 2016 consent order and committing deceptive acts against consumers.
Category Archives: News
Trade groups back bipartisan commission bill
An assortment of financial industry trade groups have thrown their support behind H.R. 4773, the Consumer Financial Protection Commission Act, which would alter the leadership structure of the Consumer Financial Protection Bureau.
Refinance boom drives mortgage spike, CFPB report finds
The total number of closed-end originations as well as applications increased substantially between 2019 and 2020, according to a report from the Consumer Financial Protection Bureau.
CFPB settles with debt collector
The Consumer Financial Protection Bureau has filed a proposed settlement, including an $850,000 civil money penalty, to resolve a lawsuit against a debt collection company and its owner.
CFPB wants mortgage servicers to audit pandemic response metrics
Mortgage servicers should compare internal metrics to data in a recently released agency report to “identify opportunities for, and demonstrate concrete efforts toward, improvement,” the Consumer Financial Protection Bureau said.
Debt collection rules will go into effect as planned
The Consumer Financial Protection Bureau confirmed that two proposed rules issued under the Fair Debt Collection Practices Act will take effect as planned, on November 30.
CFPB, FDIC update financial literacy program for elders
The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corp., have released an enhanced version of their financial education curriculum, “Money Smart for Older Adults”.
CFPB fines GreenSky over fraudulent loans
The Consumer Financial Protection Bureau issued a consent order against GreenSky, LLC, alleging the Atlanta company enabled contractors and other merchants to take out loans on behalf of thousands of consumers who did not request or authorize them.
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.
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