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Tagged: Consumer Financial Protection Bureau (CFPB)

CFPB Unveils Plan To Remove Medical Debt From Credit Reports

Vice President Harris and CFPB Director Chopra highlight potential boost in mortgage approvals and question debt collectors' methods.

Regulation and Compliance
Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Industry News
Sep 19, 2023
Industry Insiders Seek Regulation After CFPB Hits Credit Repair Giants With $2.7B Fine

Mixed reactions follow landmark settlement as some hope it could pave the way for future regulation and consumer protection.

Analysis and Data
Aug 29, 2023
CFPB Seeks $2.7B Settlement Against Credit Repair Firms For Unlawful Telemarketing Fees

Group of largest credit repair organizations face historic penalties following illegal advance fee collection.

Courts
Aug 29, 2023
Townstone Financial Responds to CFPB's Redlining Suit Appeal

Industry attorneys forecast uphill battle for bureau which lost at district court level.

Courts
Aug 24, 2023
CFPB Fines Freedom Mortgage $1.75 Million For Illegal Kickbacks

Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals.

Courts
Aug 17, 2023
CFPB Issues Warnings On Reverse Mortgage Marketing

Says it is working with state regulators to ensure fairness in advertising and teach consumers where to go for help.

Reverse
Aug 15, 2023
CFPB Research Finds Cash Flow Should Be Used With Credit Reports

Consumer agency researchers say combination creates a more accurate reflection of ability to pay.

Analysis and Data
Aug 01, 2023
ACI Worldwide To Pay $25M Penalty For Illegally Processing Mortgage Payments

CFPB says company harmed nearly 500,000 homeowners serviced by Mr. Cooper.

Regulation and Compliance
Jun 27, 2023
Chopra: CFPB Wants To Simplify Servicing Rules

In blog post, director says agency intends to streamline regulations.

Regulation and Compliance
Jun 21, 2023
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FHAs Foreclosure Reckoning
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