Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Federal and state regulators – in urging financial institutions to work with borrowers on the financial impact of the coronavirus crisis – on Sunday pledged a “hands off” policy for banks, credit unions, and savings […]
A report to Congress on actions taken in 2019 under the Fair Debt Collection Practices Act (FDCPA) was issued Friday by the Consumer Financial Protection bureau (CFPB) and Federal Trade Commission (FTC), the two agencies […]
The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
The head of the federal agency charged with consumer financial protection on Wednesday called an announced moratorium on foreclosures and evictions of borrowers with federally backed mortgage loans a “timely and an important step in […]
While the coronavirus has prompted federal financial institution regulatory agencies to order employees to telework from home, the consumer financial protection agency was forced Monday to close its Washington and New York offices after a […]
The gap in the ages at which white and non-white borrowers became first-time homeowners grew from 2002 to 2018, according to a federal consumer protection bureau report on market trends released Friday. The Consumer Financial […]
An update to “frequently asked questions” (FAQs) related to Home Mortgage Disclosure Act (HMDA) dealing with ethnicity, race and sex has been published, the federal consumer financial protection agency said Friday. Additionally, the agency announced […]
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and the panel’s task force and subcommittee chairs are is pushing Treasury, financial regulators, financial trades and consumer reporting agencies for action and information on the steps […]
Advisory council and board meetings previously scheduled to begin Wednesday have been canceled by the federal consumer financial protection agency, the agency said on its website. According to reports, the Consumer Financial Protection Bureau (CFPB) […]
Financial institutions should work constructively with borrowers and other customers in communities affected by coronavirus outbreaks, federal financial regulators and their state counterparts said in a joint statement issued Monday. The five federal financial regulatory […]
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