RSSCFPB to expand online complaint database
The Wall Street Journal reports that the Consumer Financial Protection Bureau has proposed expanding its online complaint system to capture more detailed narrative information from consumers
Category Archives: News
CFPB pulls back on plan to control consumer complaint data
Before July 14, the Consumer Financial Protection Bureau was working to get banking industry feedback on a contract to govern banks’ use of consumer complaint data.
CFPB warns against misuse of ‘mini-correspondent’ label
The Consumer Financial Protection Bureau has issued guidance warning mortgage brokers against the misuse of the “mini-correspondent” lender identification.
ABA objects to proposed CFPB arbitration study
The American Bankers Association joined two other trade groups in urging the Office of Management and Budget not to approve a survey on credit card arbitration agreements proposed by the CFPB.
CFPB renovation costs increase again
Estimated renovation costs for the rented headquarters of the Consumer Financial Protection Bureau have increased yet again, to approximately $215 million, according to a report from the Federal Reserve’s Inspector General Mark Bialek.
GE Capital fined for discrimination, deceptive card practices
The Consumer Financial Protection Bureau and the Department of Justice have fined the institution formerly known as GE Capital Retail Bank $228 million for deceptive marketing and discriminatory credit card practices.
CFPB caught between its promises and pressure from Congress on auto title loans
The CFPB is a data-driven agency. That is the message given countless times on the bureau’s website and in the speeches of Richard Cordray, the agency’s director.
CFPB continues crackdown on mortgage kickbacks
A New Jersey title services company is the latest to feel the effects of a crackdown on mortgage kickbacks by the Consumer Financial Protection Bureau.
Alabama real estate firm fined for RESPA violations
The Consumer Financial Protection Bureau has fined real estate firm RealtySouth $500,000 for inadequate mortgage disclosures resulting in illegal kickbacks.
CFPB: Medical debt disproportionately affects credit scores
Credit scoring models may over-estimate the impact of consumers’ medical debt, according to a study from the Consumer Financial Protection Bureau.
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