Senate Republicans believe the bureau under Director Rohit Chopra has adopted an arrogant regulatory ethos.

The 11th Circuit Court of Appeals found that a plaintiff alleging a Federal Debt Collection Practices Act violation had to prove concrete harm, not just a statutory violation, to have standing.

CFPB Director Rohit Chopra has directed bureau staff to look into possible rules for buy now, pay later products in five areas.

While the CFPB has no plans to restrain the use of forced arbitration clauses, Director Rohit Chopra is open to the idea.

The CFPB is hiring for the technical implementation of the project, and vendors are introducing compliance products.

Rep. Maxine Waters, D-CA, introduced a bill this month to vastly expand how much data financial institutions report to receive their Community Reinvestment Act ratings. The bill would mandate negative rating credit for any known discriminatory behavior.

CFPB ending compliance assistance sandbox, no-action letters; 2021 new HMDA analysis; All American Check Cashing settlement falls through; CFPB redressing over 8,000 consumers in debt collection case; CFPB, FTC reaffirm strong FCRA furnishing requirements; FTC, California’s DFPI enforce against alleged mortgage relief scam.

Sellers repurchased 20.3% more GSE loans in 2Q22 than in the prior quarter.

The California-based mortgage servicer also exited correspondent lending.

Rising interest rates continue to drag on housing and economic growth.