RSSFederal court refuses to enforce CFPB CID
A federal court denied a petition to enforce a Civil Investigative Demand filed by the Consumer Financial Protection Bureau against a company that purchases structured settlements and annuities.
Category Archives: News
CFPB urges credit card companies to embrace zero-interest promotions
Credit card companies should be more “transparent” with consumers about promotional interest rates, the Consumer Financial Protection Bureau said.
CFPB fines another mortgage lender for UDAAP violations
The Consumer Financial Protection Bureau took action against Fay Servicing, a mortgage servicer, for violations of the Dodd-Frank Act’s prohibition on unfair, deceptive and abusive acts or practices.
Monthly snapshot highlights elder complaints
Reverse mortgages, financial scams and deferred interest credit cards topped the list of complaints by senior citizens, according to the latest monthly snapshot from the Consumer Financial Protection Bureau.
CFPB moves to regulate small business loans
This marks the bureau’s first foray into regulating small business loans, and the announcement raises many questions for lenders that deal with small business.
CFPB criticized by Fed for poor data security
A report issued by the Federal Reserve System Office of the Inspector General asserts that the Consumer Financial Protection Bureau failed to properly secure sensitive data it gathered for regulation and in investigations.
CFPB imposes fine for violating consent order
The bureau has entered into a consent order with auto lender Security National Automotive Company for insufficient progress in complying with an earlier consent order over its treatment of servicemembers who fell behind on loan payments.
More CFPB UDAAP actions against online lenders
The CFPB took action over alleged collection debts not legally owed, claiming they were offered under false pretenses which qualify as UDAAP violations.
CFPB report highlights student loan issues
The Consumer Financial Protection Bureau has issued the latest monthly report drawn from its online complaint database.
CFPB launches RESPA review
The Consumer Financial Protection Bureau is conducting an assessment of the mortgage servicing rules under the Real Estate Settlement Procedures Act.
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