PHH appeal a test of CFPB authority

The U.S. Federal Court of Appeals has halted a CFPB enforcement action against PHH Mortgage. PHH filed a motion for a “stay of final action” as part of its appeal of the $109 million enforcement ruling that found PHH took kickbacks from mortgage insurers.

CFPB now regulating employee background checks

The Consumer Financial Protection Bureau has penalized two of the largest employment background screening companies in the nation with fines and relief payments for allegedly reporting inaccurate information about job applicants.

CFPB could face House subpoenas

Last week, the House Financial Services Committee sent a letter to the Consumer Financial Protection Bureau requesting documentation pertaining to the Bureau’s recent enforcement actions against three auto lenders.

Student loan servicers put on notice by the CFPB

Last week, the Consumer Financial Protection Bureau issued a report critical of student loan processors. The report alleged widespread servicing failures reported by both federal and private student loan borrowers.

CFPB takes action against lender redlining

The Consumer Financial Protection Bureau and the Department of Justice have announced a proposed $38 million consent order against Hudson City Savings Bank for alleged mortgage loan discrimination.

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