A Florida federal judge termed a CFPB lawsuit against Ocwen Financial for widespread mortgage servicing failures as “shotgun pleading.” The court, however, allowed the CFPB to amend and refile the suit.

The CFPB in a recent amicus brief defended states’ authority to bring parallel claims against financial institutions for unfair, deceptive and abusive acts or practices.

As Hurricane Dorian hit the Southeast coast, the CFPB put out a guide for reverse mortgage borrowers affected by natural disaster.

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.