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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Receives Fewer EEO-Related Complaints in FY22

April 3, 2023
Sam Manas
In a report on its equal opportunity employment program, the CFPB said it found no new instances of internal discrimination in FY2022.
Read More

Other News in Brief

April 3, 2023
Sam Manas
CFPB expands credit card survey; debt collector ordered to pay $24 million; CFPB says TILA doesn’t preempt state disclosure laws; ICBA requests CFPB approve proposed construction loan disclosure template; SCOTUS requests DOJ input on mortgage escrow interest laws.
Read More

House Bill Would Put CFPB Funding in Congress’ Hands

March 20, 2023
Sam Manas
A majority of the witnesses testifying at a recent House subcommittee hearing voiced support for the Taking Account of Bureaucrats’ Spending Act, which would separate the CFPB from the Federal Reserve System and subject it to the regular appropriations process.
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CFPB Uncovers New ‘Junk Fee’ Charges by Mortgage Servicers

March 20, 2023
Sam Manas
In a special edition supervisory highlights report, the CFPB revealed old and new ways in which mortgage servicers are attempting to collect unlawful fees from borrowers.
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House Republicans Seek Extensive Overhaul of CFPB

March 20, 2023
Sam Manas
Eight Republican-sponsored pieces of legislation were attached to a recent hearing on CFPB reforms, including one that would convert the bureau’s leadership structure into a five-member commission.
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CSBS Proposes Mortgage-Specific NMLS Licensing Requirements

March 20, 2023
Sam Manas
The proposed business-specific requirements will supplement proposed core requirements that all nonbanks using the NMLS must fill out.
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MBA Calls on CFPB to Ease Loss-Mitigation Requirements

March 20, 2023
Sam Manas
Regulation X loss-mitigation requirements are too burdensome and should be streamlined, the Mortgage Bankers Association said in a recent white paper.
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CFPB, DOJ Say Lenders Can’t Rely on Discriminatory Appraisals

March 20, 2023
Sam Manas
In a joint statement of interest filed in the District Court of Maryland, the two regulators said a lender relying on an appraisal that it knows, or should know, is discriminatory violates both the ECOA and the Federal Housing Act.
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Expanded HMDA Reporting Requirements Increased Costs

March 20, 2023
Sam Manas
A CFPB review of the Home Mortgage Disclosure Act shows that reporting changes instituted by the 2015 HMDA rule increased compliance costs for companies.
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CFPB Warns Servicers Over Collecting Discharged Student Loans

March 20, 2023
Sam Manas
The CFPB said it expects servicers to proactively identify student loans that are discharged via standard bankruptcy orders.
Read More
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