News – Page 56 – CFPB Journal

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.

Number of seniors with mortgages up, CFPB finds

Approximately 30 percent of the 41 million Americans older than 65 years old have mortgages, according to a recent report from the Consumer Financial Protection Bureau.

CFPB proposes change to privacy disclosures

The Consumer Financial Protection Bureau is proposing a rule that would change the way banks distribute privacy disclosures.

Mid-year report focuses on student loan co-singer issues

Student loan co-signer issues are the focus of the latest midyear report from the Consumer Financial Protection Bureau’s Student Loan Ombudsman Rohit Chopra.

Bank of America in settlement talks with CFPB

According to a report in the Wall Street Journal, Bank of America is near a deal with the Consumer Financial Protection Bureau to settle allegations that the lender pressured consumers into dubious credit card add-on products.

Wisconsin Congressman calls for Cordray’s resignation over race and sexism charges

Representative Sean Duffy (R-Wis.) called on President Barack Obama to forward a plan to resolve the race and gender discrimination issues at the Consumer Financial Protection Bureau.

Questionable expenditures at the CFBP

Three recent Freedom of Information Act (FOIA) requests have revealed highly questionable expenditures by the Consumer Financial Protection Bureau.

CFPB refuses to appear at Congressional hearing on employee discrimination

The Consumer Financial Protection Bureau said it will not attend the April 2 hearing of the House Financial Services Committee on employee discrimination at the bureau.

CFPB poised to issue payday lending rule

The Consumer Financial Protection Bureau is in the late stages of formulating rules for payday lenders, according to remarks made by CFPB Director Richard Cordray at a field hearing in Nashville, Tenn.