Large credit card issuers’ late fees will be capped at $8 in a few months following a new rule from the CFPB. Industry groups have filed a lawsuit to stop implementation of the rule.

The CFPB’s Office of Supervision Examination has capped the time an examiner can be assigned to an entity to a maximum of five years. The OSE is also set to launch a tool to track examiner assignments.

A CFPB circular warning operators of digital comparison-shopping tools against engaging in preferential treatment isn’t sitting well with industry participants.

There is an opportunity for the CFPB to advance ethical use of AI, according to Brad Blower, principal and founder of Inclusive-Partners.

CFPB working on data safeguarding rulemaking, Fed to host webinar on compliance issues.

Otting will be given a one-time stock option grant to acquire 15 million shares of NYCB’s common at a strike price of $2.00 a share…

Mortgage industry stakeholders said Freddie Mac’s pilot program to alleviate repurchase requests is a better option than Fannie Mae’s new notice of potential defect.

Title insurance advocates are incensed by FHFA’s announcement that a once-dead title waiver pilot is alive and well.

Lenders will now be able to use a single verification report to validate income, employment, assets, positive rent payment and cash flow history. However, the report must have at least 12 months of data.

The regulator delayed implementation of the controversial bi-merge scoring model and accelerated the release of historical credit score data.