In keeping with its stated priority of addressing discrimination, the CFPB recently sued bail bond company Libre for allegedly preying on immigrants held in federal detention centers.
The state’s Community Reinvestment Act and banking laws should be amended to include both nonbank mortgage lenders and banks, the state’s Department of Financial Services said in a recent report.
The CSBS believes networked supervision will give states new capabilities for managing risk and increasing data flow and partnership opportunities with states’ federal counterparts.
Regulatory examinations for loan servicers in California will now include a process to determine compliance with both state and federal laws regarding COVID-19-related foreclosures.
In the most recent 12-month period, Florida residents submitted 2,716 complaints per million people against financial service providers. (Includes data chart.)
With less than two weeks left until the new qualified-mortgage standards go into effect, there is no official word on whether the rule will be delayed.
In a new blog posting, CFPB Acting Director Dave Uejio spelled out the ways the bureau is working to get financial institutions to provide substantive responses to consumer complaints.
The agency is scrambling to boost its attorney strength to help it to deliver on its promise to make consumer protection rules more effective, and to consistently and fairly enforce those rules.
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