News – Page 48 – CFPB Journal

Complaint snapshot highlights credit card issues

The latest monthly complaint snapshot from the Consumer Financial Protection Bureau highlights customer issues with credit cards.

Federal Court affirms CFPB’s penalty against Third Party Servicers

Last month, the Consumer Financial Protection Bureau prevailed in federal court on an important decision interpreting the Consumer Financial Protection Act. The court denied a motion to dismiss a CFPB complaint.

CFPB finalizes HMDA reporting updates

The Consumer Financial Protection Bureau has finalized a rule updating reporting requirements of the Home Mortgage Disclosure Act.

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.

CFPB finalizes rule to expand rural, small creditor definitions

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.

An administrative law judge for the CFPB?

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.

Behavioral Economics and the CFPB

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

CFPB sues World Law for UDAAP violations

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.