News – Page 17 – CFPB Journal

CFPB delays QM compliance date

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.

Delinquent mortgages double during the pandemic

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.

CFPB sues ‘predatory’ immigration services company

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.”

Acting director: CFPB will prioritize consumer input

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.

CFPB issues semi-annual report

The Consumer Financial Protection Bureau has issued its fall 2020 semi-annual report, which covers fall 2019 to summer 2020.

Kraninger resigns at CFPB

Kathy Kraninger, director of the Consumer Financial Protection Bureau, has resigned at the request of President Biden.

Biden nominates Chopra to head CFPB

President-elect Joe Biden announced numerous appointments on Monday, including Rohit Chopra to be the director of the Consumer Financial Protection Bureau.

CFPB settles with Omni Financial

The Consumer Financial Protection Bureau issued a consent order against Omni Financial of Nevada, Inc., last week requiring the company to pay a $2.175 million civil money penalty.

CFPB names deputy chief of staff, AD for innovation

The Consumer Financial Protection Bureau has named Jocelyn Sutton as deputy chief of staff and Ann Epstein as assistant director of the office of innovation.

Small business feedback on data collection largely positive

Early feedback indicates small businesses generally support measures to implement Dodd-Frank Act Section 1071, which governs the collection and reporting of small business lending data.