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The National Association of Federal Credit Unions has submitted a letter to Congressional leaders outlining its top priorities for 2015. Among other things, the letter calls for relief from over-regulation by the Consumer Financial Protection Bureau.
Nearly half of consumers don’t compare rates and other factors when choosing a mortgage, according to a report from the Consumer Financial Protection Bureau.
The CFPB is chomping at the bit to paint itself as consumers’ financial avenger. Unfortunately, the CFPB’s marketing department is so interested in shaping the bureau’s image that it has started to leave fact behind.
The Consumer Financial Protection Bureau has issued a consent order against debt-settlement firm Premier Consulting Group LLC for charging illegal fees.
Mid-term election results promise to increase the pressure that the Republican party has been putting on the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau took its first action ever against a car dealership last week. DriveTime Automotive Group Inc., an Arizona-based company that sells vehicles as well as originating and servicing auto loans, was the target.
The Consumer Protection Financial Bureau announced last week that it is taking action against Franklin Loan Corporation for violations of the Federal Reserve Board’s loan originator compensation rule.
Flagstar Bank has been ordered to pay a $10 million fine and provide $27.5 million in restitution to mortgage customers by the Consumer Financial Protection Bureau. It is the first enforcement action by the CFPB under new mortgage servicing rules promulgated in January.
Looking to launch a new financial product? On October 8, the Consumer Financial Protection Bureau proposed a new policy to allow banks to request a “no-action letter” or “NAL.”
The Consumer Financial Protection Bureau has ordered U.S. Bank to refund $48 million for unfair billing practices related to add-on products offered through a vendor.