Legal Expert: Supreme Court Unlikely To Wipe Out CFPB
As it did in 2020 ruling, court likely to cut a portion of Dodd-Frank law and let Congress fix it.
Tagged: Consumer Financial Protection Bureau (CFPB)
Supreme Court Agrees To Review CFPB Constitutionality
Grants petitions to review lower court's ruling that agency's funding method is unconstitutional.
CFPB Bans RMK Financial From The Mortgage Business
Cites repeat offenses in misleading military borrowers; also fines company $1M.
CFPB: Some Mortgage Comparison Sites May Illegally Manipulate Results
Issues guidance warning that steering shoppers for kickbacks or fees is against the law.
CFPB Proposes Public Registry Of Nonbank Form Contracts
Says such contracts often have terms & conditions that claim to waive or limit consumer rights.
The Hits Keep Coming For Wells Fargo
Bank reports 4Q earnings cut in half due to settlements, fewer mortgage originations.