The House Financial Services Committee will continue to provide oversight of CFPB activity, according to the panel’s fall priorities.

The CFPB in a new report noted that the credit card market is growing fast and the use of new technology has potential to enhance consumers’ financial well-being.

The CFPB recently fined Texas-based Maxitransfers Corp. $500,000 for violations of the Remittance Transfer Rule. This is the bureau’s first enforcement action under the Electronic Fund Transfer Act.

Senators are seeking answers from Robert Cameron, the private education loan ombudsman, on how he plans to oversee student loan issues.

Mortgage redlining continues to be a high priority for the Pennsylvania Attorney General’s office, said a senior deputy to the AG.

With the qualified mortgage “patch” scheduled to sunset in 2021, lenders are pushing for changes to the Appendix Q documentation requirements amid a broader debate over the debt-to-income limit.

The third meeting this year between officials of the CFPB and the CMLA focused on the loan originator compensation rule. The trade group noted that bureau Director Kathy Kraninger is open to industry feedback.

A broker agreed to pay roughly $275,000 to settle allegations related to pension scams in a proposed consent order with the CFPB and the Arkansas State Attorney General.

The CFPB named a high-ranking official of a student loan servicer as the bureau’s private education loan ombudsman. The move has drawn criticism from consumer groups.