News – Page 76 – CFPB Journal

CFPB reports public enforcement action

Banks and non-banks have paid an aggregate $101.5 million in penalties and $435 million in restitutions to consumers since the Consumer Financial Protection Bureau’s inception in July 2011.

City of Chicago enters into agreement with CFPB

The City of Chicago and the Consumer Financial Protection Bureau will join forces to crack down on the city’s non-bank lenders.

CPFB Ombudsman raises concerns about Bureau attorneys at supervisory examinations

The Consumer Financial Protection Bureau’s Ombudsman’s Office recently suggested a shortcoming of the Bureau’s policy to involve enforcement attorneys at every stage of supervisory examinations.

CFPB sends warning to specialty consumer reporting agencies

The Consumer Financial Protection Bureau warned specialty consumer reporting agencies that they are required to make individual reports easily available to consumers who request them.

Pew study finds most large banks steer customers to arbitration to resolve disputes

A majority of the largest banks in the country restrict their customers’ legal options for resolving disputes. A study released Nov. 26 by The Pew Charitable Trusts found that 64 percent of the largest 100 banks restrict the dispute resolution options for their checking account customers.

Bureau to collaborate with consumer-friendly innovators

The Consumer Financial Protection Bureau has launched an initiative to encourage consumer-friendly innovation in financial products.

CFPB raises the bar on fair lending, other mortgage issues

Jonathan Foxx, Managing Director of Lenders Compliance Group, Long Beach, N.Y. Foxx is a 30-year veteran of the mortgage industry and founder of the Association of Residential Mortgage Compliance Professionals. Foxx is interviewed by Justin Dullum of the CFPB Journal staff.

Category Archives: News