Tagged: Consumer Financial Protection Bureau (CFPB)

The CFPB says the rule will produce 22,000 more mortgages each year, but some disagree with its premise

The regulator alleges that the manufactured-home lender ignored obvious red flags about borrowers' ability to repay

Rocket remains defiant, calling the allegations ‘false and a distortion of reality’

The rule requires new disclosures to protect homeowners using PACE financing for home improvements

Brendan McKay of BAC revealed the main takeaways in a LinkedIn post

The final rule concerns lenders that offer digital payment apps and handle more than 50 million transactions per year.

As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit

If approved, the settlement would leave legal concerns over free speech, race-based affirmative lending, and the use of data in modern-day redlining lawsuits “without adjudication of any issue of fact or law.”

Financial institutions must deliver a consumer's financial data to another provider for free, upon the consumer's request

Fairway to pay a $1.9 million penalty and provide $7 million in loan subsidies