News – Page 17 – CFPB Journal

CFPB: Credit reporting, debt collection drive servicemember complaints

Credit reporting and debt collection topped the list of complaints filed by servicemembers, according to a recent report from the Consumer Financial Protection Bureau.

Complaints rising in minority counties, CFPB says

Over the past two years, the Consumer Financial Protection Bureau received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties.

CFPB delays QM rule compliance date

The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.

CFPB supports CDC eviction moratorium

The Consumer Financial Protection Bureau issued an interim final rule in support of the eviction moratorium instituted by the Centers for Disease Control and Prevention.

CFPB files complaint against debt-settlement company

The Consumer Financial Protection Bureau has filed a complaint against online debt-settlement company SettleIt, Inc., over alleged abusive acts or practices.

Uejio signals aggressive stance on payday lending

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.

CFPB releases FDCPA report

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.

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.”