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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.
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.
The Consumer Financial Protection Bureau has finalized a rule which will expand the definitions of ‘rural’ and ‘small creditor’ affecting exemptions to its Ability-to-Repay rules.
This summer, the Consumer Financial Protection Bureau posted a job opening for an administrative law judge. The posting, on was a curious one since the Dodd-Frank Act specifically mentions that the CFPB would have access law judges employed by the Securities and Exchange Commission.
This week, President Obama issued an executive order entitled “Using Behavioral Science Insights to Better Serve the American People.” The President is directing federal agencies to utilize a field of study known as “behavior economics” in their work
The Consumer Financial Protection Bureau has obtained a preliminary injunction against World Law Group and its senior leaders for violations of the Dodd-Frank Act.
This week, the Consumer Financial Protection Bureau imposed penalties and required refunds in enforcement actions against the country’s two largest debt buyers: Encore Capital Group and Portfolio Recovery Associates.
The Consumer Financial Protection Bureau has promised to be “sensitive to good-faith efforts” of banks to comply with its new TILA-RESPA Integrated Disclosure Rule, known as TRID, which will take effect on Oct. 3.
On March 10, the Consumer Financial Protection Bureau published a study that was critical of arbitration clauses as a consumer tool for disputes with lenders and servicers.
The Consumer Financial Protection Bureau filed a lawsuit in federal court this week against two companies that offered consumers pension loans.